A fully upgraded retail showroom and warehouse facility in one of East Auckland’s busiest retail precincts presents investors with a compelling opportunity to secure income from a trusted occupier while benefitting from strong underlying land value and development potential, Bayleys brokers say.

Bayleys Auckland Metro’s Alan Haydock and Damien Bullick are marketing the 1,012sqm freehold site at 160 Apirana Avenue for sale by tender, closing at 4pm on Tuesday 7th October 2025 (unless sold prior).

The 721sqm (more or less) premises have recently undergone a comprehensive upgrade, delivering a high-profile retail showroom fronting Apirana Avenue with warehouse and office accommodation at the rear.

“The tenant’s New Zealand head office is housed on the upper level, supported by 13 on-site car parks and generous staff amenities.

Bayleys Auckland Metro senior director Alan Haydock says the investment represents the type of hands-off, income-producing asset increasingly sought after by private and institutional buyers.

“Returning $183,221 net pa plus GST on a three-year lease with renewal rights to 99 Bikes - one of Australasia’s leading specialist cycling retailers with a growing network of more than 80 stores, the tenancy is further strengthened by 99 Bikes’ parent company, Pedal Group, headquartered in Brisbane.

“The group includes wholesale and distribution arms supplying internationally recognised cycling brands, and is majority owned by ASX-listed Flight Centre Travel Group, providing scale and security for investors while reinforcing the stability of the lease covenant.”

Zoned Business – Town Centre, the brokers say the site benefits from a favourable classification that permits development up to 32.5m - the most intensive under the Auckland Unitary Plan.

“Investors are re-weighting towards well-located commercial properties backed by strong occupier fundamentals. Here, the combination of a refurbished building, a trusted national retailer, and intensive zoning provides a balance of secure income today, with flexibility for tomorrow,” Haydock adds.

Glen Innes has emerged as one of Auckland’s most dynamic eastern suburbs, with growth underpinned by significant public and private investment in housing, infrastructure and urban renewal.

The precinct is well-connected by rail and arterial routes, and the subject property benefits from significant exposure to traffic flows, positioned adjacent to household name retailers, including a PAK’N’SAVE supermarket and Chemist Warehouse.

Bayleys Auckland Metro director Damien Bullick says that the location’s profile and accessibility add further weight to the long-term investment story.

“Just nine kilometres from the CBD, and benefitting from excellent transport connectivity, retail occupiers here are supported by an established residential catchment that is growing both in density and affluence. The underlying land value of this property reflects its position in a centre identified for intensification under the Auckland Unitary Plan.

“Demand is strongest for opportunities where location, tenant quality, and future adaptability align. This property meets that criteria - a national retailer in growth mode, a refurbished and versatile facility offering strong passive credentials, and zoning that permits substantial intensification.

“With limited availability of comparable stock in tightly held retail precincts, this offering provides an attractive addition to any diversified investment portfolio.”