A fully refurbished commercial property for sale in West Auckland’s established Harbourside Business Park in Rosebank Road, Avondale gives investors the opportunity to lock in a bottom-drawer offering with the security of a new seven-year lease to a well-entrenched tenant.

Occupying the entire first floor of a standalone building within the precinct, the property at 485C Rosebank Road comprises circa-450sqm of office space with large windows, good natural light and expansive views of the inner Waitematā Harbour. The layout provides for a mix of open plan areas, meeting rooms, and staff amenities, and there are 20 designated on-site car parks associated with the units.

It is occupied by international HR tech firm, MyHR which offers online HR support for more than 1,500 businesses across New Zealand, Australia and Canada. MyHR’s new seven-year lease commenced 1st March 2025, and has one further seven-year right of renewal. The property returns a net annual income of $157,200 plus GST with fixed annual increases and a market review on renewal, providing stable returns for investors.

Built in 2004, the Harbourside Business Park spans five distinct buildings, encompassing over 20,000sqm of offices and warehousing set on more than four hectares of land on the eastern side of Rosebank Road. As it is set back from the main road, the precinct provides a quiet location for office-based businesses and was judged the country's best commercial real estate project at the Property Council's 2005 awards, taking out the Supreme Award.

Phil Haydock and Alan Haydock of Bayleys Auckland Metro team, along with Bayleys Northwest colleague Ankur Dakwale, are marketing the property with tenders closing Tuesday 13th May.

With a weight of money coming off term deposits, and volatility in other investment classes including the sharemarket, Phil Haydock says property is proving a very attractive investment vehicle.

“Add in the OCR cuts and some further trimming of interest rates still expected and business confidence has been boosted which will be reflected in property yields.

“This well-located and superbly presented property offers effortless hands-off income with low management demands and secured by the long lease to a high calibre tenant.

“The wider Rosebank Road precinct is very tightly held, particularly across industrial stock, and this award-winning business park is also sought after. The tenant for the subject property has committed to the site as it has worked well for their business, and there are definite efficiencies in this West Auckland market.”

The convenient location offers streamlined motorway connectivity via State Highwa 16 and the Waterview Tunnel, ensuring logical and seamless access to Auckland's CBD, airport, and wider metropolitan area.

Dakwale says this is a cornerstone West Auckland business park that has proved popular with occupiers given those connectivity advantages, strong carparking ratios, and the modern space on offer.

“As such, it has attracted a good mix of professional tenants spanning national and international businesses and there have been very few recent sales or leasing transactions in the business park itself which speaks to the strong fundamentals and stable occupiers.”