


Listing Description
Iconic Kingsland Investment – Kiwi Bacon
317 New North Road, Kingsland, Auckland City, Auckland
To be sold by tender (closes on 5 Jun)
Details
Attribute | Value |
---|---|
Property use | Office |
Agency reference | NZL67034035 |
Description
Colliers has the privilege to be exclusively appointed to market for sale ‘The Kiwi Bacon Building’ located at 317 New North Road, Kingsland. Positioned on a 5,544 sqm corner site with three street frontages and held across four freehold titles, this is one of the largest and most prominent landholdings in Kingsland. This centrally located city fringe character building offers 4,486 sqm of refurbished office accommodation across two levels. The property is fully leased to a diverse mix of well-known established tenants generating a net annual income of $2.237 million plus GST (approx) with most leases including annual rental growth. Zoned Mixed Use with a 21 metre height limit, the Kiwi Bacon Building has significant development potential with over 2,100 sqm of surplus development land. The building has been extensively refurbished and seismically strengthened and with 111 onsite car parks and excellent tenant amenities, including an on-site café, tenant demand has been strong for this property. Located within 2km of the Auckland CBD, the site is strategically located close to key amenities such as Mt Eden Train Station (CRL), Kingsland Village, Eden Park, and Ponsonby Road. When the CRL is completed in 2026 (estimated), it will take three minutes to reach Karangahape Station, six minutes to Aotea Station and nine minutes to Britomart. The property is for sale by Tender, closing at 4:00pm on Thursday, 5 June 2025 (unless sold prior). Further information is available via the online data room. To request details or arrange an inspection, please contact the sole agents at Colliers.
Features:
- 4,486 sqm premium modern character office space, refurbished in 2017
- Fully leased, returning $2.237m per annum with annual rental growth
- Abundant onsite carparks – 111 spaces in total
- Strong underlying land value – 5,544 sqm corner site with triple road frontage
- Future development potential. Third floor option + surplus carpark land
- High profile corner position – over 250m of road frontage
- Business Mixed Use Zoning – Allows for a variety of development potential
More information: https://www.colliers.co.nz/p-NZL67034035
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