14-18 Honan Place, Avondale, Auckland Rosebank Peninsula investment with upside

Available PropertyFiles:

  • CT - Honan Pl, 14-18.pdf
  • Design Agreement to lease - signed (1).pdf
  • IM - Honan Pl, 14-18.pdf
  • JW-102061-319-45-1 Deed of Lease Honan Place Executed (1).pdf
  • LIM - Honan Pl, 14-18.pdf
  • SPA - Honan Pl, 14-18 Final 0326.pdf

Property Description

• Established tenant who has occupied the site for eight years
• Future extension and repositioning potential
• Excellent car parking, easy access and room for container devanning
• Highly popular investment location

This established industrial property was developed in the mid-1970s and comprises two separate buildings. The original building to the frontage has a moderate stud height, while there is significantly improved and high-quality internal space providing a showroom, board room, open office and amenities. The attached rear building provides a high-stud open warehouse with an internal office structure over two levels. New roofing over both.

There is a single lease over both buildings. The tenant has been in occupation since 2018, with the rear building now subleased. Potential to renegotiate the current lease and reposition if the renewal option is not exercised in 2028. Owner occupiers should consider.

Industrial property on the Rosebank Peninsula continues to be sought after and is generally well-held by investors. The property benefits from having two separate structures and is of an age, where add-value strategies will be considered.

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Contact Craig Smith

Bayleys Real Estate Ltd, Northwest

Licensed under the REA Act 2008

09 953 4740   021 490 580   craig.smith@bayleys.co.nz   All Listings

With nearly 16 years of experience in commercial real estate, Craig Smith has built a reputation for delivering high-impact results and fostering long-term client relationships across Auckland’s industrial, land, and investment markets.

Craig began his career with Bayleys in the mid-2000s and now serves as Director in the NorthWest team. He specialises in industrial assets, development land, and strategic investment opportunities throughout Westgate, Hobsonville, Henderson, and Avondale. Known for his sharp market insight, strategic thinking, and clear communication, Craig consistently delivers well-targeted campaigns and strong negotiation outcomes. His ability to unlock value and create competitive tension has seen him involved in some of West Auckland’s most significant transactions, including sales of $51 million, $60 million, and $68 million.

Having progressed from broker to Associate Director and now Director, Craig’s track record is backed by consistent recognition and results. His collaborative, client-first approach makes him a trusted advisor to a wide range of developers, investors, and owner-occupiers.

Outside of the office, Craig enjoys time with his wife and two children, Mollie and Tommy. He’s also a keen golfer, rugby supporter, and fitness enthusiast, bringing the same energy and focus to his personal life as he does to his professional one.