A commercial complex on a high-profile corner in Auckland’s premier beachside community is being offered to the market for the first time in nearly four decades, providing a trophy investment opportunity for investors, occupiers, and those eyeing its long-term development credentials, Bayleys brokers say.

Bayleys Auckland Metro director James Were, together with James Chan, is marketing the freehold site at 1-11 St Heliers Bay Road, for sale by international tender, closing at 4:00 pm on Wednesday, 22nd October 2025 (unless sold prior).

Were says the property occupies a commanding 635sqm (more or less) corner site with 51 metres of frontage to Tamaki Drive and St Heliers Bay Road.

Improvements include two low-rise commercial buildings with a combined floor area of approximately 671sqm, supported by six on-site car parks.

“Prominently located opposite St Heliers Bay Beach, the asset enjoys unobstructed sea views and exposure to one of Auckland’s most affluent residential catchments.

“The site is zoned Business – Local Centre, enabling a wide mix of retail, commercial, and mixed-use activities, while also providing a platform for future intensification in line with Auckland’s planning framework.”

The complex is 100 percent leased to a diversified mix of seven tenants across hospitality, retail and professional services. Occupiers include long-established brands such as independent optometry practice Mortimer Hirst, manufacturing jeweller Sanders Jewellers, and the storefront for local womenswear designer Verge Clothing, alongside boutique retail and professional service providers.

Were says this tenant mix reflects both the local community’s well-heeled profile and steady year-round demand for convenience, lifestyle and dining amenity.

Together the tenancies generate a net annual income of approximately $466,387 per annum plus GST and outgoings, supported by staggered lease expiries and renewal options.

Bayleys Asian Markets director James Chan says the St Heliers Bay Village precinct is one of Auckland’s most established and desirable waterfront destinations, combining community amenity with enduring investment fundamentals.

“Waterfront retail strips are tightly held and rarely does an opportunity of this calibre arise in a location with such established long-term drivers. The mix of loyal local patronage and high visitor traffic provides occupiers with a unique advantage, underpinned by the strength and population growth in surrounding suburbs Mission Bay, Kohimarama, Orakei, and Meadowbank.”

Chan notes that Auckland’s planning framework and demographic trends continue to support higher-value outcomes.

“Business - Local Centre zoning is specifically designed to service established residential areas with retail, commercial, and food and beverage activity. As housing intensification policies take effect, these centres are positioned to absorb greater demand and deliver stronger economic outcomes for investors and developers.

“With its combination of secure income, long-standing tenant relationships, and strategic zoning, the property offers immediate stability with longer-term development potential. It’s a generational chance to secure a keystone holding in one of Auckland’s most tightly held waterfront markets.

“Buyers can collect strong rental income today while planning for a landmark project that could redefine the village centre in years to come.”