Westgate Retail Portfolio

Maki Street, Westgate, Auckland

Investment / Retail For Sale

For Sale by Deadline Private Treaty closing at 4pm Wednesday, 19 Jun 2019 (Unless sold prior)    Tenanted Investment
Floor Areas: 138.66 m2 to 8,055.69 m2.    

Westgate Shopping Centre

Description

Colliers International has been exclusively appointed to sell a unique selection of freehold investments located within Westgate Shopping Centre in Auckland.

These investments are presented to the market with the flexibility of acquiring an individual property, a selection of properties, or the whole portfolio.

 

8 freehold properties are being offered to the market with 12 long term leases. The tenants include:

  1.  The Warehouse + Wet & Forget
  2. Torpedo7 + Crackerjack
  3. Chemist Warehouse
  4. Event Cinemas
  5. Robert Harris
  6. Texas Chicken
  7. Westgate Bowling
  8. F45 Gym + Physio Connect

 

The properties offer strong lease covenants with the remaining lease terms ranging from 5 years through to 11 years (approx.) with many having further rights of renewal.  

Some of New Zealand’s best known national and international brands now call Westgate Shopping Centre home with more committed and announcements due shortly.

 

Further information is available at www.westgateretailportfolio.co.nz

 

This is an outstanding opportunity so don’t hesitate to contact once of the appointed agents for more information.

Features

  • Annual net rentals ranging from $109,768.63 + GST through to $1,491,070.80 + GST
  • Maximum annual net rental for the whole portfolio is $4,027,602.16 + GST (approx.)
  • Strong leases in place to national tenants
  • Structured rental growth – fixed and to market
  • Established and sought after Shopping Centre
  • Options to purchase individually or collectively
  • Leases in place ranging from 5 years to 11 years remaining

Sale Areas

Area Size
The Warehouse / Wet and Forget / Vacant Unit 8,055.69sqm Total
Torpedo7 / Crackerjack 3,662.64sqm Total
Chemist Warehouse 939.94sqm
Event Cinemas 4,161.43sqm
Westgate Bowling 1,177.08sqm
Texas Chicken 348.75sqm
Robert Harris Cafe 138.66sqm
F45 / Physio Connect 430.61sqm Total

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