Key features:
- Occupancy: Fully occupied — diversified income from nine (9) tenancies across healthcare, retail, and service sector — net income of $523,281pa + GST, with 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 eight (8) established operators, including a laundromat, dental, beauty, retail, financial services and community services — creating a balanced, split-risk income stream of net $523,281pa + 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.
Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz
Harjot Sodhi
021 078 6991
harjot.sodhi@bayleys.co.nz
Greg Hall
021 023 21884
greg.hall@bayleys.co.nz
Bayleys Real Estate Ltd, South Auckland, Licensed under the REA Act 2008
