Prime Mixed‑Use Asset in Avondale Centre

Buyers have the chance to secure a diverse town centre retail hub and two homes held across two freehold titles in the heart of fast-growing Avondale.

The duo of adjoining properties now for sale sit at a prominent corner fronting Crayford Street West, Great North Road and Geddes Terrace, ensuring excellent accessibility and exposure. The sites with a combined landholding of some 1,490 square metres are fully leased, returning a total income of $174,852 per annum.

The 787-square-metre (more or less) site at 1 Crayford Street West is home to a retail hub of some 473 square metres with five tenancies leased to a café and a taco shop, along with an appliance store, acupuncturist and men’s hairdresser. This returns $112,452 plus GST per annum.

A second site of some 703 square metres at 3 Crayford Street West/1 Geddes Terrace contains two standalone homes which return a combined rental of $62,400 (GST inclusive).

The two properties at 1-3 Crayford Street West, Avondale, are being offered to buyers, individually or together, by deadline private treaty closing on Thursday 21 May (unless sold prior). The property is being marketed by Craig Smith, Beterly Pan and Wesley Gerber of Bayleys Northwest.

Smith said the offering represented an attractive mixed-use investment opportunity providing new owners with diversified income streams and future options.

“The tenancy mix includes a combination of longer-term leases and shorter-term arrangements, with final expiries ranging from 2026 to 2036, offering a balance of income security and future leasing flexibility.

“Desirable Business – Town Centre zoning under Auckland’s unitary plan allows for a variety of commercial, residential and mixed-used activities, subject to council approval.

“Commuter convenience and tenant demand are underpinned by excellent transport connectivity, with direct access to arterial Great North Road and its numerous bus routes, and Avondale Train Station within walking distance,” said Smith.

Pan said the town centre location, across the road from Avondale Primary School, in one of Auckland’s most rapidly evolving city-fringe suburbs positioned the properties to benefit from major public and private investment, ongoing intensification, and improving amenity.

“Avondale has undergone quite a transformation in recent years, driven by infrastructure upgrades, town centre revitalisation, and large-scale residential development. Its strategic location between New Lynn and Auckland’s city centre continues to attract both occupiers and developers seeking value relative to neighbouring suburbs,” Pan said.

Nearby Avondale Racecourse is earmarked for a major residential-led redevelopment, expected to deliver a substantial number of new homes over time.

Gerber said this project would boost population density and demand for retail, hospitality, and services within Avondale’s town centre.

“The town centre itself is undergoing regeneration with council-led investment driving streetscape upgrades, improved public spaces, and increased connectivity. These initiatives continue to support business activity and improve the overall amenity of the area,” Gerber said.