Colliers is proud to exclusively present this brand-new, fully leased neighbourhood centre investment in the heart of Milldale. Developed by the highly reputable Broadway Property Group, this high-performing asset is anchored by 6 tenants and returns $302,088 net per annum + GST. This is a rare opportunity to secure a long-term, diversified income stream, in a high growth location.
The property comprises 819sqm of net lettable area on 994sqm of freehold land. Zoned ‘Neighbourhood Centre’ under the Auckland Unitary Plan, the centre further benefits from fixed annual or CPI rent reviews and a complimentary mix of tenants including a real estate office, barbershop, bakery, liquor store, beauty salon and superette.
Positioned on a prime corner site directly opposite Waterloo Reserve, the centre enjoys excellent visibility and accessibility in one of Auckland’s fastest-growing suburbs. With a projected population of over 15,000* residents and over 4,000* dwellings on completion, the Milldale Neighbourhood Centre is positioned to become a vibrant hub for retail, hospitality, and essential services, supported by strong demand, and limited nearby supply.
This exciting new offering must be seriously considered - call either of the Sole Agents today to register your interest.
This offering is adjacent to 2 Henry Tayler Rise featuring complimentary retail which we are also offering for sale in a buy one or buy both capacity.
Shoneet Chand 021 400 765 and Matt Prentice 021 464 904
*approximate figures based on forecasts and construction rates
Features:
* Returning $302,088 pa net + GST
* High quality, newly constructed development
* Fully leased with 6 tenants
* Mix of cash bonds & bank guarantees
* Complimentary tenant mix
* Fixed annual or CPI Rent Reviews
* 518 sqm Net lettable area
* 804 sqm combined land area
* Two titles available, buy one or buy both
* High growth Auckland location
