4-6 Averill St, Papakura Multi-tenanted investment with opportunities

Available PropertyFiles:

  • /LIM /
    • LIM - Averill St, 4-6.pdf
  • /Lease Documentation/
    • D.O.L - 2.Nine.Eight Performance Ltd (2023-09-19).pdf
    • Deed of Lease - Dental World (2011-09-01).pdf
    • Deed of Lease - Wild Orchid (2022-07-11).pdf
    • Deed of Lease and Deed of Reneweal of Lease - Motion Health (combined).pdf
    • Deed of Lease, Assignment and Variation - Azumaya Ltd (combined).pdf
    • Deed of Lease, Renewal & Variation of Lease - TAB New Zealand (combined).pdf
  • /PIM/
    • PIM - Averill St, 4-6.pdf
  • /Property File/
    • Properyfile - Averill St, 4-6.zip
  • /Seismic report /
    • Seismic - Averill St, 4-6 (2012-11-20).pdf
  • /Tender Conditions of Sale/
    • Tender COS - Averill St, 4-6.pdf

Property Description

• Multi-tenanted investment returning $118,182pa + GST with upside
• 3,124sqm (more or less) freehold site in a growth location
• Favourable Business - Metropolitan Centre zoning (40.5m height)
• Current vacancies and under-rented tenancies provide immediate add-value opportunities
• Add-value investors, occupiers, and developers should inspect

This substantial freehold property offers purchasers an opportunity to acquire a well-located, split-risk investment with a large underlying land holding providing add-value or redevelopment potential.

The property offers a mix of established tenants, including the long-standing TAB tenancy, providing a significant split-risk income stream. Existing vacancies and under-rented tenancies providing immediate options to add-value. The property's Business-Metropolitan Centre zoning provides future development opportunities in this rapidly expanding location.

Located in the heart of Papakura, an established South Auckland suburb, this property offers proximity to the nearby train station and transport hub, various amenities, main north-south motorway system and nearby retailers include Woolworths, New World and Noel Leeming amongst others.

Papakura is within one of Auckland's fastest-growing multi-faceted regions and offers ease off access to multiple nearby, residential, and commercial precincts and developments including Karaka and Drury South.

All viewings strictly by appointment with the sole agents.

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Terms of Supply

The following information has been supplied to Bayleys Real Estate Limited (“Bayleys”) to be made available to any prospective interested parties for general information purposes only.
Bayleys and the Vendor do not warrant the accuracy or completeness of the information and recommends that all recipients make their own enquiries to their satisfaction in all respects and seek their own independent expert advice.

Contact Jean-Paul Smit

Bayleys Real Estate

Licensed under the REA act 2008

021 021 61616   021 021 61616   jean-paul.smit@bayleys.co.nz   All Listings

Jean-Paul Smit’s part of the very successful Bayley’s Auckland Metropolitan Markets team, which he has been apart of since graduating from the University of Auckland with a Bachelor of Commerce, majoring in finance and economics.

Jean-Paul believes that hard work in addition to developing and maintaining strong client relationships are the key to any transaction and he is driven to prove himself in this industry. It is this attitude, complemented with a fresh forward thinking approach in which Jean-Paul will use to achieve his goal of becoming one of the top commercial agents in Auckland.

Jean-Paul was captain of the Auckland Grammar Rowing Eight where he rowed with and competed against a number of current Olympic athletes. He has also trained as a competitive kayaker, again training alongside well known Olympic athletes. It is these experiences where he has developed a strong competitive nature and is not afraid to take on a challenge. In the summer he is a surf life saver for Piha SLSC and often competes for them in the surf boat rowing.


Contact Mike Adams

Bayleys Real Estate

Bayleys Real Estate Licensed under the REA Act 2008

+64 21 977 527   +64 21 977 527   mike.adams@bayleys.co.nz   All Listings

Mike Adams is a Senior Commercial Broker based in the Bayleys Auckland CBD office, where he specialises in the sales and leasing of a diverse range of commercial, industrial and development properties throughout the Auckland region and beyond, and has become an integral member of the acclaimed Bayley’s Auckland City and Fringe team of agents led by Alan Haydock.

Since joining Bayley’s in late 2005, Mike has enjoyed considerable success in the real estate arena, concluding a significant number of sales and leasing transactions across a wide range of values and has been in the Top 10% of all Bayley’s Salespeople nationwide for 2014/2015/2016.

This diverse range of transactions have included tenanted investment properties, vacant commercial and industrial buildings, large scale residential and commercial development land sites, mortgagee, liquidation and receivership sales. He has also transacted a range of commercial and industrial leases, alongside a further mix of real estate transactions which include residential, waterfront, lifestyle and rural property in a range of locations.

Prior to joining Bayleys Real Estate, Mike spent almost 20 years with Giltrap Group including senior roles as General Manager of Giltrap Prestige and Independent Prestige. Since joining Bayleys he has retained very close links to number of the key people within the automotive industry.

During his real estate career Mike has built up a diverse range of clients including private individuals, corporate business entities, motor industry contacts, family trusts, owner occupiers, trading banks, accountancy and legal firms, community organisations, regional bodies etc.

Mike Adams enjoys interacting with a wide range of real estate property and people on a regular basis, and growing Bayley’s opportunities and activity in the Auckland commercial and industrial property market segment encompassing a range of commercial, industrial, residential and development precincts which include the City Fringe area, West Auckland as well as the Southern and Eastern corridor amongst others. This has resulted in a successful career which has resulted in a number of sales throughout the wider Auckland region and beyond. A selection of some recent results are included on this page, with other examples available upon request.

A significant portion of these successful transactions have been largely attributable to Mikes expertise and dedication in undertaking successful auction and tender campaigns for his vendors, with some outstanding results being achieved. A number of these campaigns have involved Mikes utilisation of Bayley’s renowned marketing disciplines including the nationwide Total Property portfolio, combined with running professional and disciplined sale campaigns for his vendors ensuring that no stone is left unturned in securing the best outcome.