A prominent commercial premises on one of Auckland’s busiest arterials offers investors, developers, and future owner-occupiers a rare opportunity to participate in the city’s next phase of growth, Bayleys brokers say.
Bayleys Investment Sales specialist Tony Chaudhary and colleague Beterly Pan are marketing the 809sqm (more or less) freehold site at 73 Pakuranga Road for sale by deadline, closing at 1:00 pm on Thursday 25th September 2025 (unless sold prior).

Chaudhary says the high-profile site features expansive frontage to Pakuranga Road – a high-traffic corridor sustaining more than 38,000 vehicle movements daily.

“It sits minutes from Pakuranga Plaza and directly on the alignment of the Eastern Busway – the centrepiece of the Auckland Manukau Eastern Transport Initiative (AMETI).”

The busway, a significant purpose-built urban rapid transit corridor, is designed to provide congestion-free lanes for buses travelling between Panmure, Pakuranga, and Botany. When complete, it will reduce journey times from Botany to Britomart in the city centre by up to 17 minutes and deliver reliable east-west connections that are currently unavailable to Auckland’s fastest-growing suburbs.

Stages between Panmure and Pakuranga have already opened, with extensions through to Botany scheduled for completion in 2027.

Chaudhary says the scale of the project is already reshaping perceptions of Pakuranga.

“The Eastern Busway isn’t just a transport upgrade; it is a catalyst for urban change. As accessibility improves and journey times reduce, centres like Pakuranga are expected to intensify, with mixed-use development clustering around new public transport hubs.

“The subject property sits squarely within that growth corridor, offering secure holding income today and a clear pathway to future adaptability.”

The property delivers a net income of $50,121 per annum, plus GST and outgoings, from two established tenants - a liquor store and a takeaway. Both tenants have exercised their renewal rights: the liquor store is in its final three-year term running to 2030, while the takeaway has also renewed its lease for a final three-year term.

“With leases locked through their final terms, the tenant covenants give new owners the best of both worlds: steady income now, with the option to pursue redevelopment when the leases expire,” Chaudhary says.

The property is zoned Business - Neighbourhood Centre, which supports a range of commercial uses at ground level, with residential permitted above. This allows for mixed-use redevelopment of up to three levels, aligning directly with Auckland Council’s objectives for greater density around high-capacity transit routes.

Bayleys investment sales specialist Beterly Pan notes that in the current climate, investor appetite is strongest for assets that combine defensive characteristics with upside potential.

“Secure income is attractive, but when coupled with zoning that aligns council growth policy and infrastructure delivery, the big picture becomes most compelling. This is the type of property that allows buyers to participate in Auckland’s transport-led transformation, while banking on stable returns.

“The supply of development-ready land in established suburbs is increasingly constrained, and sites such as 73 Pakuranga Road, benefitting from multi-billion-dollar infrastructure upgrades, are tightly held.

“This site offers both scale and visibility in a corridor that is experiencing generational change. For investors and developers with an eye on Auckland’s next phase of urban regeneration, it represents a rare opportunity to secure a strategic and rewarding foothold.”