A fully leased and high-profile car yard on one of Auckland’s fastest-growing southern corridors presents investors and developers with a rare dual-play opportunity – secure income today, and significant future development potential tomorrow, Bayleys brokers say.

Bayleys commercial and industrial sales specialist Shane Snijder is marketing the freehold site at 69 Manukau Road for sale by auction, scheduled at 2:00 pm on Tuesday, 16th September 2025 (unless sold prior), alongside colleague Mike Hook.

Comprising 1,233sqm (more or less) of land, with approximately 319sqm of commercial improvements, the property is fully leased to Winger Motors – one of New Zealand’s most established automotive dealerships.

The tenancy generates $150,858 net per annum plus GST and outgoings from the current seven-year term expiring in 2029, with two additional three-year renewal options.

Snijder says the asset represents a secure, long-term investment backed by a nationally significant tenant, in a location underpinned by major growth.

“Winger Motors has been trading for more than 90 years, with its Pukekohe dealership sitting on arguably the town’s busiest road, given more than 18,000 cars pass each week. That brand strength, combined with the property’s profile and zoning, gives investors an attractive blend of stable income and future redevelopment upside.”

The central Pukekohe site is zoned Business – Mixed Use, allowing for a range of commercial and residential uses in the future. The property sits minutes from the Pukekohe Train Station, with efficient access to State Highway 1 via both the Drury and Bombay interchanges.

Bayleys Pukekoke sales and leasing specialist Mike Hook says the location is strategically positioned within Auckland’s southern growth corridor, an area experiencing significant urban expansion.

“Franklin and the wider southern corridor are now at the forefront of Auckland’s growth story, with large-scale residential projects including the Paerata Rise lifestyle township and the Auranga development on Bremner Road, alongside major commercial and industrial investment at Drury South Crossing,” he says.

“With NZX-listed Kiwi Property advancing plans for a large new shopping centre, Fisher & Paykel recently acquiring 104ha nearby for expansion, and the government committing billions to infrastructure in the south, momentum is clear. This property sits right in the path of that growth.”

The brokers say that while the current tenancy provides reliable cash flow, favourable zoning provisions offer flexibility for the next generation of development.

Typical planning provisions allow for multi-storey residential projects as well as smaller-scale commercial uses, enabling the property to evolve in line with the region’s intensification requirements and growing population.

“Pukekohe has a resident population of circa 28,000 and continues to benefit from strong population inflows as Auckland expands southward. With limited investment stock available and demand driven by local businesses and commuters, investor appetite for prime, tenanted assets in the area has remained resilient.

“Opportunities to secure a site of this scale, zoning and profile on Pukekohe’s busiest road are exceptionally rare,” Snijder says. “The subject property provides holding income and future potential in equal measure, delivering a performing investment today, and a strategic landholding poised to become more valuable as the region evolves.”