21-25 Victoria Street West, Auckland Central, Auckland City

Deadline Treaty

4,980m²

Woolworths & Chemist Warehouse – Auckland CBD

JLL and Colliers are proud to exclusively present The Exchange Retail, an opportunity to acquire quality investment-grade retail in the heart of Auckland’s CBD. This is a compelling opportunity underpinned by a fortress-like tenant profile, with ~75% of income secured by ASX-listed international retailers Woolworths and Chemist Warehouse.

Strategically positioned adjacent to the future Aotea Train Station, the asset is at the epicentre of Midtown's multi-billion dollar transformation. Set to become New Zealand's busiest transport hub, the station will funnel unprecedented foot traffic directly to the asset’s doorstep, creating immense value for an incoming investor.

This defensive tenancy mix is further enhanced by significant rental growth potential. The Woolworths lease includes a turnover provision offering direct participation in the precinct’s growth, while current below-market rents present a clear path for substantial positive reversion for the balance of the offering.

Opportunities of this quality in the heart of the CBD are rarely offered. A new owner will also benefit from a significant vendor-funded upgrade program, ensuring the asset is perfectly positioned to capitalise on the area's revitalisation without initial capital outlay required.

• Blue-Chip Covenant - Anchored by ASX-listed Woolworths and Chemist Warehouse.
• Significant Rental Upside - Woolworths turnover rent and clear reversion potential.
• Vendor to deliver fully refurbished building.
• Estimated fully let market income of $2,000,000 + GST p.a. with a 7.4-year WALE by income.
• Unrivalled Connectivity - Located at the entrance to NZ's future busiest train station.
• 3,984sqm NLA and 4,980sqm title area.

The Exchange Retail is for sale by Deadline Private Treaty, closing Wednesday, 26th November 2025 at 4:00pm (NZST), unless sold prior.

Additional details

Type

Retail

Property ID

006Vk00000FYn8vIAD

Listed on

17/11/2025