Commercial mainstay on Dominion Road

A fully leased commercial investment in one of Auckland’s most recognisable hospitality precincts is being offered to market, presenting investors with a chance to secure stable income in a high-exposure location as economic conditions continue to improve, Bayleys brokers say.

Bayleys International Markets associate director Millie Liang is marketing the 152sqm (more or less) Unit G01 at 433 Dominion Road, on the corner with Albans Avenue, for sale by negotiation.

The property is occupied by ‘Maya BBQ’ - a long-established and well-regarded licensed restaurant operator that has built a loyal following as one of the precinct’s most popular Chinese barbecue restaurants.

Liang says that being positioned at street level on the ground-floor of the modern ‘St Albans on Eden’ mixed-use development, the premises benefit from constant pedestrian traffic and exposure to up to 32,000 passing vehicle movements on Dominion Road each day. Additionally, the complex features 15 residential apartments, providing an immediate and consistent customer base.

The lease to Maya BBQ returns $78,000 net pa plus GST on a current term through to March 2028. This, Liang says, provides investors with near-term certainty, while a market rent review scheduled for March 2026 offers potential upside in a location where demand for quality hospitality space has remained resilient.

“Dominion Road continues to perform as one of Auckland’s most active dining and retail corridors, underpinned by dense surrounding residential catchments, strong public transport connections, and its role as a key arterial route linking the city to the southern suburbs.

“As confidence returns across the economy, hospitality-led precincts with proven trading histories are again attracting sustained investor attention.”

The property is zoned Business – Local Centre under the Auckland Unitary Plan, supporting a range of commercial, retail and hospitality activities. “This zoning flexibility, combined with the asset’s position within mixed-use development, reinforces long-term tenant demand and future reletting appeal,” she says.

“From an investment perspective, the property is notable for its low-maintenance, hands-off profile. Net lease terms place responsibility for operating costs with the tenant, while the established covenant of Maya BBQ provides comfort around trading performance and continuity of income.

“Recent market activity suggests a renewed appetite for well-located, tenanted commercial assets, particularly those offering defensive income alongside exposure to improving urban activity.

“Investors are increasingly prioritising properties that combine visibility, accessibility and enduring locational fundamentals, rather than relying on speculative repositioning.

“This Dominion Road opportunity closely aligns with those criteria. It offers immediate cash flow, a strong tenant in a tightly held precinct, and the added resilience that comes with being embedded within a broader mixed-use environment.”

Liang says that as city-fringe markets continue to benefit from renewed confidence and increased movement, assets of this calibre and positioning remain firmly on the radar of informed investors seeking reliable income with long-term relevance.”