Listing details

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Thriving & future-proofed retail centre

Listing number:1688935

112 Whitford Road,  Manukau City

Negotiation

About the property

Land Area:  1.89 ha

• Prominent suburban shopping centre on substantial freehold site

  • Currently returning $1,314,267 plus GST net (pa) and anchored by Countdown
  • Strong 5.4 year Weighted Average Lease Expiry
  • Strategically positioned in the established and growing Howick Ward
  • 18,860sqm landholding with development intensive zoning

Meadowlands Shopping Plaza is an established neighbourhood shopping centre. Built in 1993, with a major renovation in 2011, its income stream is anchored by national grocery chain Countdown and numerous long-standing national tenants including Unichem and AA. The Plaza has proved to be popular with its surrounding and established residential catchment which includes the affluent East Auckland suburbs of Botany Downs, Dannemora, Howick, Cockle Bay and Whitford.
The value of this opportunity is future-proofed by its substantial 18,860sqm freehold landholding, with development intensive zoning allows buildings up to four storeys high and a range of potential uses, including residential.
This is an attractive investment opportunity offering a strong WALE, exceptional tenant covenant and a significant underlying land area that provides substantial long term development prospects.

For more information and to access due diligence material please visit:
meadowlandsinvestment.co.nz

Agents Details

Cameron Melhuish
09 309 6020
021 479 882
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James Chan
09 309 6020
021 934 054
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Agency Details

Bayleys Real Estate Ltd (Licensed: REAA 2008) - Auckland Commercial
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