Colliers is delighted to present this post earthquake, high quality retail centre situated in the heart of the expanding West Melton locality.
Comprising a modern building constructed in 2016, the property is fully occupied by 13 individual occupiers and benefiting from a large surrounding carparking area totaling approximately 129 individual spaces.
Sound income is provided across 13 tenancies incorporating a mixture of supermarket, health, hospitality and traditional retail occupiers. The overall weighted remaining lease term is approximately 2.71 years, providing sound security given the number of tenants.
The current net income $854,539pa, with the vast majority of leases reviewed to CPI or the greater of market or CPI, ensuring potential rent growth is captured.
To the astute investor this is an opportunity to secure a modern fully occupied development in a strong location underpinned by multiple tenancies spreading risk, with some additional upside potential.
For sale by deadline private treaty closing, 4pm, Thursday 14 May 2026 (unless sold prior).
*Boundary lines are indicative only.
Features:
- Anchored by a Four Square Supermarket
- 100% occupied by 13 tenants
- 8,333 sq m land area
- Strong tenant covenants
- Strong position
- High growth locality
- Excellent onsite carparking
- Modern post earthquake built improvements
- Current WALT of circa 2.71 years
- Net income of $854,539 pa
More information: https://www.colliers.co.nz/p-NZL67039511
