Positioned in the heart of Kāpiti’s retail 'Coastlands' precinct, opportunities like this are tightly held – and seldom released.
Set on 324sqm of freehold land, this substantial two-level building (approx. 526sqm) is fully leased to three established tenants – BFT Kāpiti, Victory Massage, and Kokoro Sushi Bar – delivering a steady net income of $114,878 + GST per annum from day one.
Underpinning the investment is a favourable 70% NBS rating (2025 IEP Report by Steven Young & Associates), giving buyers added confidence in a market where fundamentals matter.
With lease expiries staggered through to 2040, this is a well-balanced, multi-tenanted asset, offering diversified income and resilience in a high-demand retail environment.
Location is everything – and this delivers in spades. Directly opposite the entrance to Coastlands Shopping Centre and surrounded by national brands including Woolworths, ASB Bank, and Kiwibank, the property benefits from exceptional exposure, strong foot traffic, and seamless connectivity to rail, bus routes, and the Kāpiti Expressway.
Zoned Metropolitan Centre, the site also presents compelling future upside, with development potential of up to 12 storeys (subject to consent) – landbank for future development with investment income to enjoy.
Rare in availability and proven in performance – act decisively!
For more information or to arrange a viewing contact:
Jo Stewart on 027 641 1680 jo.stewart@colliers.com or
Dean Anderson on 021 244 2931 dean.anderson@colliers.com
Please note all areas and values are approximate only.
Features:
- Prime location opposite Coastlands entrance with high foot traffic
- Fully Leased - Three established tenants, diversified income
- Strong Returns - $114,878 + GST net income
- 70% NBS – Seismic confidence
- Future Upside – Metropolitan Centre zoning, development potential
More information: https://www.colliers.co.nz/p-NZL67039836
