SOLE AGENCY
For Sale via Deadline Private Treaty, offers closing 4pm, Wednesday, 26 August 2026 (unless sold prior).
Opportunities to secure a high-profile freehold landholding in the heart of Penrose are becoming increasingly scarce. Positioned on one of Auckland's busiest arterial roads, 730 Great South Road combines immediate holding income with the long-term fundamentals sought by strategic investors.
Occupying a substantial 1,616m² freehold site with approximately 39 metres of frontage to Great South Road, the property enjoys exceptional exposure within one of Auckland's most tightly held commercial precincts. Leased to established national retailer Evo Cycles, the property provides secure holding income while offering investors confidence in both the underlying real estate and tenant covenant.
Adding to its appeal is the property's exceptionally low circa 26% site coverage, with the balance of the site comprising a large sealed yard and 35 on-site car parks. This provides genuine long-term flexibility and future redevelopment potential (subject to council approval), making it an increasingly rare opportunity to secure a highly exposed landholding with significant upside.
Penrose remains one of Auckland's premier commercial precincts, offering outstanding connectivity to State Highways 1 and 20, the CBD, Auckland Airport and MetroPort. High-profile landholdings of this calibre are tightly held, making this a compelling opportunity for investors seeking secure income today and long-term capital growth.
Contact the agents for more information or to arrange a viewing:
Shoneet Chand +64 21 400 765
Ben Cockram +64 21 245 5855
Matt Prentice +64 21 464 904
Features:
- Returning $260,368 net p.a. + GST
- High-profile 1,616m² freehold site
- Approximately 39m frontage to Great South Road
- Established national tenant – Evo Cycles
- Exceptionally low site coverage of approximately 26%
- 35 on-site car parks
- Future redevelopment and value-add potential
More information: https://www.colliers.co.nz/p-NZL67041334
