Flexible commercial opportunity in Newmarket

A standalone commercial building in one of Auckland’s most active metropolitan centres is being offered to the market, presenting investors, owner-occupiers and developers with a flexible opportunity to generate income today, while positioning the site for future change, Bayleys brokers say.

Bayleys Auckland Metro’s Alan Haydock, together with Damien Bullick, is marketing the 354sqm (more or less) freehold site at 6 Eden Street for sale by tender, closing at 4:00 pm on Thursday, 9th April 2026 (unless sold prior).

The two-level premises provide approximately 322sqm of floor area and currently return around $103,069 plus GST per annum from two tenants.

Haydock says the property’s appeal lies in its versatility, coming to market at a time when buyers increasingly favour assets that can adapt to changing conditions.

“Active investors are focused on assets that provide more than one pathway forward. This property offers three – collect income, occupy the premises, or reposition the site over time.”

Configured as two self-contained tenancies, the building is currently occupied by Leuschke Group, an architectural practice on the ground floor, and Kiosk Studio, a furniture retailer on the upper level.

Both leases expire in July 2026, creating a near-term inflection point for a purchaser to renew tenants, restructure the tenancy mix, or occupy part or all of the building.

Bayleys Auckland Metro director, Damien Bullick, says that kind of timing is increasingly attractive in the current environment.

“With leasing markets more consistent, assets where income can be actively managed are appealing to investors who want the ability to install tenants on updated terms or reposition the property to better reflect current demand.

“At the same time, the building itself presents well for a range of occupiers, with a contemporary interior fit-out and flexible configuration suited to office, studio, showroom or hybrid workspaces.”

The ground floor provides approximately 236sqm of accommodation, currently configured as open-plan offices, while the upper-level features 86sqm of character space with polished timber floors and generous stud height.

Three car parks directly in front of the building further enhance functionality in a location where on-site parking is a growing rarity.

Beyond its current use, Bullick says the property’s Business – Metropolitan Centre zoning provides a longer-term strategic dimension.

“Under the Auckland Unitary Plan, metropolitan centres sit just below the CBD in terms of scale and intensity, supporting a wide range of commercial, residential and mixed-use activities. In Newmarket, this framework is already reshaping the built environment.”

Recent investment, including the redevelopment of Westfield Newmarket, the ongoing expansion of the University of Auckland’s Newmarket campus, Mansons TCLM’s recently completed Te Tihi office building, and a series of mixed-use projects along Broadway and surrounding streets, is reinforcing the area’s status as one of the region’s most dynamic urban centres.

Bullick says this broader transformation strengthens the long-term investment case. “As metropolitan centres intensify, standalone landholdings with flexible zoning become increasingly valuable because they allow owners to adapt alongside the neighbourhood.”

The property sits just metres from Westfield Newmarket, and a short walk from the Newmarket train station, with easy access to the CBD, Parnell, and the eastern suburbs, and strong motorway connectivity via State Highway 1.

“In a market where certainty is valuable, but flexibility even more so, opportunities like this are increasingly sought after. Whether a purchaser chooses to collect income, establish their own presence, or explore redevelopment over time, this property provides a platform to do all three.”