Key features:
- Occupancy: Diversified income from eight (8) tenancies across healthcare, retail, and service sector — full market potential of net $562,057pa + GST
- Zoning: Prime Town Centre zoned freehold with 18-metre height limit, strong pedestrian flow, and excellent Southern Motorway access
- Seismic (NBS rating): 71% NBS seismic rating (Grade B) with no immediate upgrade requirements
- Floor area details: Boasts 2,034sqm (approximately) of multi-tenanted retail and healthcare
Anchored by a newly secured lease to South Seas Healthcare Trust, this opportunity delivers a powerful and diversified income profile that immediately positions it as a high-quality commercial investment.
South Seas contributes $253,496pa + GST on a ten (10) + five (5) year structure, providing long-term covenant strength from a trusted Pasifika healthcare provider with deep community ties to the Otara catchment. Complementing the anchor tenant are seven (7) established operators, including a laundromat, dental, beauty, retail and financial services — creating a balanced, split-risk income stream of net $495,644pa + GST, with full market potential of net $562,057pa + GST.
Boasting 2,034sqm (approximately) of multi-tenanted retail and healthcare on a 1,737sqm (more or less) freehold site in the heart of Otara Town Centre, the asset benefits from one of South Auckland's highest-density catchments and consistent weekly foot traffic generated by the renowned Otara Markets. The scale, stability, and future growth opportunities present a rare chance to secure a proven income-generating asset in one of South Auckland's most active and evolving commercial precincts.
