A split-risk commercial investment in the heart of Pukekohe’s premier retail strip, returning more than $405,000 net per annum, presents a scalable opportunity for investors to secure a foothold in Auckland’s rapidly intensifying southern growth corridor, Bayleys brokers say.

Bayleys Commercial and Industrial Sales specialist Shane Snijder, together with colleague Mike Hook, is marketing the 2,009sqm (more or less) landholding across two titles at 14-28 King Street, for sale individually or together by deadline, closing at 4pm on Thursday 30th October 2025 (unless sold prior).

Encompassing a total lettable area of 1,194sqm (more or less), anchored by 13 established tenants, including a national pizza franchise, professional service firms, a butcher, barber and a beauty salon, Snijder says the diverse tenants mix generates a substantial net annual income, supported by 24 on-site car parks and rear service access.

“An offering of this scale is significant in Pukekohe, where retail assets on the main strip rarely change hands - particularly those with multiple income streams and established tenancies. It’s a true split-risk investment, offering resilience through diversity and built-in rental growth across several leases.”

The property’s Business - Town Centre zoning provides long-term flexibility, supporting a wide range of commercial and community uses, while aligning with Auckland Council’s strategy to intensify suburban and satellite centres.

Bayleys Pukekoke Sales and Leasing specialist Mike Hook says the asset’s location on Pukekohe’s busiest retail strip ensures strong foot traffic and visibility, while its rear lane and car parking add operational convenience for occupiers.

“Investors are buying into more than just the income - they’re securing a strategic position in a town centre identified for growth. Historically low vacancy rates across Pukekohe reflect both demand from occupiers and the limited supply of comparable stock.”

The property comes to market as billions of dollars are invested in infrastructure and development across Auckland’s southern corridor.

Major projects include Kiwi Property’s planned Drury Town Centre, the Drury South Crossing mixed-use precinct, and Paerata Rise – a masterplanned community set to deliver 4,500 new homes.

Meanwhile, Fisher & Paykel Healthcare’s $275m land acquisition at Karaka and Government-backed rail and motorway upgrades are cementing the region as one of the country’s most dynamic growth hubs.

“Pukekohe has transitioned from a rural service town into a thriving metropolitan hub,” Snijder says.

“Population growth, intensification, and infrastructure investment are reshaping the landscape, and centrally located commercial assets are positioned to benefit to a great degree.

“With a population of nearly 30,000 and fast connections to Auckland’s CBD, Manukau, Drury, and North Waikato, Pukekohe is emerging as the southern anchor in Auckland’s growth strategy.”

Snijder says the combination of secure income, diverse tenants, and future redevelopment potential makes the King Street asset stand out.

“This is an exceptional opportunity to secure a prime retail landholding in a tightly held location, with immediate cash flow and long-term upside.

“Investments of this scale in Pukekohe are hotly contested, and we expect strong interest from private investors, family trusts, and syndicators alike.”