Listed: Wed, 29 Apr

Government Backed Investment with Future Upside

15 Putney Way, City Centre, Manukau City, Auckland

To be sold by deadline sale (by 3 Jun)

2038m² Floor
1040m² Land

Attribute	Value
Property use	Office
Agency reference	NZL67039980

Colliers is proud to exclusively present 15 Putney Way, which represents a premium investment opportunity in the heart of Manukau. Fully tenanted by government agencies and established organisations, the property occupies a strategic position at the heart of one of Auckland’s largest metropolitan centres. Occupying a 1,040m² freehold site, the three-level commercial building comprises approximately 2,038m² of net lettable area and is 100% occupied by a diversified government funded tenant mix including the Ministry of Justice, NZ Institute of Education (MSL Training) and EAP Services. Together, these high-quality occupiers underpin a defensive net passing income of approximately $566,480 per annum + GST & OPEX, supported by staggered lease expiries and a mix of fixed and CPI rent reviews. Strategically positioned directly opposite the Manukau Transport Interchange, and within immediate walking distance of Manukau District Court, Westfield Manukau, MIT, and Auckland Council offices, the property benefits from exceptional visibility, accessibility, and enduring occupier demand. Few assets can rival this level of connectivity, with rail, bus, motorway access, and major civic infrastructure all converging at the doorstep. Zoned Business – Metropolitan Centre, with a substantial height limit, the site offers genuine future development or intensification upside over the medium to long term. This flexible zoning supports a wide range of potential uses, providing investors with optionality rarely found in tightly held metropolitan locations. Importantly, this future potential is complemented by immediate, secure holding income, allowing purchasers to landbank without compromise. Upgraded to a 100% NBS rating and located within an amenity-rich precinct, 15 Putney Way represents a rare opportunity to acquire a trophy South Auckland investment combining income security, covenant strength, and long-term strategic value. This is a compelling acquisition for investors seeking certainty today and growth tomorrow in one of Auckland’s fastest-evolving metropolitan centres. Contact the exclusive agents, Colliers New Zealand

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