Deadline sale: Closes on Thursday 4 June 2026 at 2:00PM (unless sold prior)
A premier investment opportunity featuring a national brand tenant, fixed rental growth, and significant development potential in the heart of Papakura’s metropolitan centre.
This high-profile freehold asset is anchored by Postie Plus Group Limited, a household name that has been a staple of the Papakura retail landscape for over two decades. With a new six-year lease that commenced in December 2024, the property offers immediate income stability underpinned by a proven national performer.
The investment is further enhanced by fixed annual rent increases of 3.5%, ensuring consistent rental growth. Recent capital expenditure, including an upgraded air-conditioning system and a modern tenant fit-out, ensures the building meets contemporary standards and minimises near-term maintenance requirements.
Beyond the immediate yield, the property holds exceptional long-term value. Situated on a site unencumbered by flood plain overlays and zoned Business – Metropolitan Centre, the 40.5m height variation provides a clear pathway for high-density mixed-use development in one of Auckland’s key growth nodes.
KEY FEATURES:
- National brand tenant - Postie Plus Group Limited (20+ year local history)
- New six-year lease commenced December 2024
- Net rental $96,730 per annum + GST and OPEX
- Fixed growth 3.5% annual rent increases
- Development upside - 40.5m height variation for high-density intensification
- Superior positioning with prime Great South Road exposure
- Three undercover car parks
- Risk profile - site is unencumbered by flood plain overlays
- Modernised asset - upgraded air-conditioning and recent tenant fitout
