An expansive landholding in one of Auckland’s most strategically significant growth corridors is being presented to the market for sale, offering investors and developers a rare opportunity to secure scale, income, and future potential.

Bayleys South Auckland commercial and industrial director Shane Snijder is marketing the 10.32ha (more or less) property at 87 Mill Road for sale by auction at 2:00 pm on Tuesday, 24th June 2025 (unless sold prior).

Snijder says the freehold property comprises a large, north-facing site with multiple income streams from four established tenants, generating a combined net annual return of $213,840 plus GST.

“Held in one title, the property offers a compelling proposition for the spectrum of developers and long-term investors, seeking security of income and an opportunity to realise significant development gains.

“Underpinned by strong tenant covenants, a diverse lease mix across residential, industrial and cropping uses, and excellent access to existing infrastructure, the landholding positions buyers to benefit from future urban expansion and potential capital value uplift as a split-risk rural investment with a healthy income profile and compelling long-term prospects.”

“Zoned Rural under the Auckland Unitary Plan, the property’s scale and strategic location within the Golden Triangle – linking Auckland, Hamilton, and Tauranga, where more than 50 percent of New Zealand’s Gross Domestic Product (GDP) is generated – enhances its suitability for future development, subject to council approvals,” he says.

The offering includes 780sqm (more or less) of versatile building improvements, including industrial and storage sheds, two dwellings and expansive cropping land.

The principal industrial tenant, construction business IntoRock Drilling, contributes $120,000 plus GST annually, with additional income from two fixed-term residential tenancies and long-standing agricultural use.

Snijder says the area is experiencing accelerating infrastructure investment and urban development, positioning it for substantial capital growth.

“Pukekohe and the wider southern Auckland region are undergoing rapid transformation. Government and private sector funding is concentrated around major residential and commercial precincts, including Drury South Crossing, Paerata Rise, and Kiwi Property’s planned Drury Town Centre,” he says.

“Fisher & Paykel Healthcare’s $275 million acquisition of 105ha in Karaka, and KiwiRail’s commitment to new train stations in Drury and Paerata highlight confidence in the region’s future. These projects are reshaping the landscape, bringing new residents, businesses, and economic opportunities to the area.”

Situated two minutes’ drive from key motorway interchanges and within 30 minutes of Papakura, Manukau, and Hamilton, the property is highly visible from Mill Road and benefits from excellent transport links.

Snijder says these fundamentals provide strong support for a land-banking strategy with holding income.

“With a limited supply of large land parcels proximate to Auckland, this opportunity stands out. North-facing, income-producing, and positioned on the fringe of explosive urban growth; this is a strategic play for developers, syndicates, or family trusts looking to future-proof their portfolio,” he says.

“Opportunities of this scale and flexibility are tightly held and seldom come to market. Prospective purchasers are encouraged to act promptly to secure this generational asset with multiple pathways to future value creation.”