21 Cavendish Drive, Auckland, Auckland, 2104, NZ

Manukau Supa Centa

Descripción del activo

For Sale | New Zealand's Premier Infill Large Format Retail (LFR) Centre.

An opportunity of absolute scale and dominance.

JLL presents Manukau Supa Centa to the market - a rarely offered 100% interest in a prime Auckland metropolitan LFR Centre.

Manukau Supa Centa stands as a fortress asset in Auckland’s retail landscape, evidenced by Kmart’s exceptional performance and noted by Location IQ as one of the retailer’s top-performing stores in the Australasian network. The Centre is 100% occupied and boasts an impressive tenant mix, with 62% of income weighted to international retailers and 35% to national brands.

Manukau Supa Centa offers substantial value-add potential. With a site coverage of just 40%, the Centre presents significant opportunities for continued expansion and development¹ to meet growing retailer and consumer demand. The Centre’s Metropolitan Centre Zoning, the highest order of commercial land zoning across Auckland, permits development of up to 72.5 metres, allowing for various uses including mixed-use.

This sale represents a rare opportunity to acquire a dominant retail asset in New Zealand’s largest and fastest-growing city.

1. Subject to council approval (STCA), and/or co-owner approval within the strata schemes.

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Atributos

Ocupación

100 %

Área de terreno bruta

132.638 m²

Plazas de aparcamiento

1708

Zonificación

Business – Metropolitan Centre Zone

Inquilinos

Anchor tenants: Kmart (24-hours), Rebel Sport, Zone Bowling / Timezone

Medios

Aspectos destacados de la inversión

An opportunity of absolute scale and dominance - NZʼs second-largest LFR Centre (+39,000 sqm* GLA) with 97% of income underpinned by international and national powerhouse brands including Kmart, Baby Bunting & Rebel, and co-located with Harvey Norman, Bunnings Warehouse and Mitre 10
Occupying an irreplaceable site in the heart of the Manukau town centre precinct, 21km* south of the Auckland CBD and 400m* from the train station
Large avg. tenancy size with accessible lease tails providing strong rental reversion upside opportunities
Significant value-add potential: 40% site cover, flexible Metropolitan Centre Zoning allowing retail uses & mixed-use development (72.5m* building height)
Fully leased net income $11.5 Million*

Manukau Supa Centa is available for sale exclusively through JLL by International Expressions of Interest (EOI) closing 4:00pm NZST, Wednesday, 16 April 2025.

*All figures are approximate and subject to change.