Six Devonport titles define coastal precinct

A once-in-a-generation opportunity to secure scale and prominence in one of Auckland’s most prestigious coastal communities has emerged, as a significant commercial portfolio in central Devonport is placed on the market for sale, Bayleys brokers say.

Bayleys Auckland Metro senior director Alan Haydock, together with colleagues Damien Bullick and Michael Nees, is marketing the properties at 9-11 and 15 Clarence Street, 8 and 26-28 Victoria Street, and 20 and 22 Wynyard Street, for sale individually or together by tender, closing at 4:00 pm on Tuesday, 2 December 2025 (unless sold prior).

Haydock says the six freehold titles combine to form a commanding presence at the heart of Devonport Village’s commercial precinct, offering diversified income with clear potential for repositioning, refurbishment or redevelopment under Business – Town Centre zoning.

“The portfolio represents an opportunity to acquire critical mass in one of the region’s most tightly held coastal markets, underpinned by a strong local community and year-round visitation via the ferry terminal, within 450 metres of the subject properties.

“Devonport’s commercial core has been effectively landlocked for decades. With limited freehold availability and high barriers to new supply, the properties provide both secure income today and the potential to create significant long-term value.”

Anchoring the collection of properties, 9-11 Clarence Street occupies a high-profile corner site of 911sqm (more or less), returning $145,579 pa plus GST from established tenants, including a Japanese restaurant and Australian liquor store chain Liquorland, with flexible leases offering future repositioning or redevelopment upside.

On the opposite corner, 15 Clarence Street delivers the largest footprint at 989sqm (more or less), with a ground-floor lease to national hardware franchise Hammer Hardware. The property returns $206,715 pa plus GST, including income from three office occupants and one vacancy.

On Devonport’s main commercial spine, 26-28 Victoria Road, and 8 Victoria Road provide multi-tenanted income from hospitality, retail, and service operators, including Italian restaurant Portofino, a dental practice and popular all-day eatery Vondel. Combined, the properties return more than $330,000 pa plus GST, supported by strong pedestrian traffic and proximity to the ferry terminal and waterfront.

Bayleys North Shore Commercial director Michael Nees says the properties at 20 and 22 Wynyard Street offer smaller-scale investments with repositioning or occupier potential. “The former, a ‘Category B’ heritage building, is leased to a local coffee roastery and café, while the latter is home to a lighting and design boutique occupied on a rolling monthly tenancy, providing flexibility for future occupiers or redevelopment planning.

“Devonport is both a local hub and a visitor destination, underpinning its significant investment appeal. Few Auckland suburbs combine the same mix of prestigious location, accessibility and lifestyle. With a dual catchment of high-income residents and steady visitation, the local retail, hospitality and professional service economy is incredibly resilient.”

Bullick says the offering will resonate with a wide range of investors - from institutional funds to family syndicates - which are increasingly gravitating towards assets that balance steady income with value-add potential.

“This opportunity delivers both diversified income, with scope and flexibility to reimagine or intensify these sites over time. In an area such as Devonport, with strong future use optionality, that versatility is paramount.”