51-53 Elizabeth Knox Place, St Johns, Auckland St Johns split-risk investment with rental upside

Available PropertyFiles:

  • AGM minutes.zip
  • Budgets.zip
  • Elizabeth Knox 51_Property file.zip
  • Elizabeth Knox 53_Property file.zip
  • Information Memorandum.zip
  • LIM reports.zip
  • Lease documentation.zip
  • Record of titles.zip

Property Description

• Two separately titled industrial units with prominent road frontage
• Leased to two tenants, generating a combined net income of $83,082.89pa + GST
• Both leases include upcoming market rent reviews, offering clear potential for rental uplift
• Rare investment in a tightly held industrial precinct

Offered to the market for the first time in 40 years, this standout industrial investment presents a rare opportunity in one of Auckland’s most sought-after industrial locations. Comprising two separate titles, the property offers a split-risk profile with diversified income streams. Unit 51 (225sqm approximately) is leased to a long-standing commercial maintenance business, while Unit 53 (396sqm approximately) is occupied by a reputable local gym with a strong client base drawn from the Eastern Bays.

With market rent reviews scheduled between now and early 2026, purchasers have the opportunity to unlock rental upside in the near term, adding further value to an already solid investment.

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Contact Matt Dell

Bayleys Real Estate Limited, Manukau,

Licensed under the REA Act 2008

027 221 9735   matt.dell@bayleys.co.nz   All Listings

After graduating from the University of Auckland with a Bachelors of Commerce, Matt opted for a career in commercial real estate with a specialisation in the industrial sector, particularly focused on the South Auckland area.

After working for two years in advertising in multiple client-facing positions, Matt understands the importance of working diligently and efficiently to meet his clients' needs. Matt believes that no stone should be left unturned when it comes to helping match the needs of his clients with prospective tenants and buyers.

Along with Matts recent experience in the advertising industry, Matt also has extensive experience in high-level sport. As a recent player in the New Zealand Men's Water Polo. This experience has helped teach Matt the importance of commitment and how hard work pays off.

On a more personal note, Matt enjoys spending time on the golf course or heading down to the Coromandel with friends and family.


Contact James Valintine Bayleys

Bayleys Real Estate Limited, Manukau

Licensed under the REA Act 2008

09 375 7431   021 023 71868   james.valintine@bayleys.co.nz   All Listings

James is a Senior Industrial Broker with Bayleys Real Estate Limited. Since his commencement in 2010 with a primary focus on Commercial and Industrial property he has quickly established himself as a specialist in the South Auckland Industrial sector in both sales and leasing.

His knowledge and experience gained in negotiating various sale and lease transactions in both buoyant and difficult markets has seen James become an invaluable resource and trusted advisor to long term repeat clients. Getting James involved early in a project or potential sales or leasing campaign has proven to ensure maximum values are achieved.

Having been involved in numerous property transactions James has been in the Top 10% of Bayleys Salespeople nationwide for 2016/17 and 2017/18.