129-131 Ponsonby Road, Ponsonby, Auckland

Auction: 34 Shortland Street, Auckland City on Wednesday 21 October 2026 at 10:00AM (unless sold prior) There is way more to this property than meets the eye...Upon initial sighting from the street, what looks to be a standard two level heritage-style building with retail below and accommodation above gives way to a contemporary residential apartment complex built over four levels at the rear of the site.The property is unique - in a good way. The retail location is absolute prime for Ponsonby Road. The apartments at the rear offer a standard, size, and living environment you would not expect to find in this location, although a full redecoration is due for all. These tenants are on periodic lease terms; however, the fact that two apartment tenants have been resident in excess of eight years speaks volumes for the living environment. The retail lease has a final expiry in November 2033, with the tenant already asking for extensions.This property will suit investors, owner-occupiers, and those looking for a mixture of the above.Inspections are only by arrangement.KEY FEATURES: Fee simple and standalone property holdingLand area 483m²Building area approximately 800m²On-site parking for six cars, four secure garaged parksMulti-income streamsThree residential apartmentsPonsonby Road prime retail frontage plus a separate upper floor commercial potentialCV $4,850,000