A high-visibility, freehold property on a corner site in the heart of Helensville is drawing interest from add-value investors, keen to capitalise on the town’s potential for growth.
Built in the 1930s, 25-35 Commercial Rd - known as the Progressive Buildings - has been in the same family ownership for over 36 years, and it’s now being marketed for sale by negotiation through Barfoot & Thompson Commercial broker Meir Alfassi.
“Interested parties will appreciate both the heritage and potential of this building,” he says, “as well as its excellent position, right on the corner of Commercial Rd and Rata St.”
The substantial site covers around 675sq m and the building spans approximately 498sq m.
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Alfassi says there’s a great mix of tenancies in place, including five shops and one residential tenant.
The entire property is leased at the moment, drawing a total annual passing net income of around $105,000.
Located on Helensville’s main thoroughfare, next to the Countdown supermarket and carpark, Alfassi says the property is well-serviced by nearby amenities.
Helensville’s strategic location, just 40km northwest of Auckland's CBD further enhances the appeal, he says, as does seamless connectivity via SH16 to neighbouring areas such as Parakai, Kaukapakapa, Waimauku and the wider Rodney and Auckland region.
Helensville is a major service centre for the southern area of Rodney, with primary and secondary schooling, a range of shopping and professional services.
The town’s inclusion in Auckland Council's Future Urban Land Supply Strategy suggests it is poised for further development.
“This strategic planning underscores Helensville's potential as an investment destination,” Alfassi says, “and given the property’s Business-Town Centre zoning, which allows for mixed development and buildings up to eight storeys high, there’s a major opportunity here for forward-thinking investors to capitalise on that future growth trajectory.”
- Supplied by Barfoot & Thompson
