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Bayleys Real Estate Limited South Auckland, (Licensed: REAA 2008)

14 Fair Mall, Otara

Price by negotiation

Listing Description

Listed: Tue, 21 Apr

Prime multi-tenanted town centre - 8.5% returns

14 Fair Mall, Otara, Manukau City, Auckland

Details

  •   2034m² Floor
  •   1737m² Land
AttributeValue
Property use
Retail
Agency reference
1906670

Description

Key features:

  • Occupancy: Fully occupied — diversified income from nine (9) tenancies across healthcare, retail, and service sector — net income of $523,281pa + GST, with full market potential of net $562,057pa + GST
  • Zoning: Prime Town Centre zoned freehold with 18-metre height limit, strong pedestrian flow, and excellent Southern Motorway access
  • Seismic (NBS rating): 71% NBS seismic rating (Grade B) with no immediate upgrade requirements
  • Floor area details: Boasts 2,034sqm (approximately) of multi-tenanted retail and healthcare

Anchored by a newly secured lease to South Seas Healthcare Trust, this opportunity delivers a powerful and diversified income profile that immediately positions it as a high-quality commercial investment.

South Seas contributes $253,496pa + GST on a ten (10) + five (5) year structure, providing long-term covenant strength from a trusted Pasifika healthcare provider with deep community ties to the Otara catchment. Complementing the anchor tenant are eight (8) established operators, including a laundromat, dental, beauty, retail, financial services and community services — creating a balanced, split-risk income stream of net $523,281pa + GST, with full market potential of net $562,057pa + GST

Boasting 2,034sqm (approximately) of multi-tenanted retail and healthcare on a 1,737sqm (more or less) freehold site in the heart of Otara Town Centre, the asset benefits from one of South Auckland's highest-density catchments and consistent weekly foot traffic generated by the renowned Otara Markets. The scale, stability, and future growth opportunities present a rare chance to secure a proven income-generating asset in one of South Auckland's most active and evolving commercial precincts.

Tony Chaudhary 021 995 121 tony.chaudhary@bayleys.co.nz

Harjot Sodhi 021 078 6991 harjot.sodhi@bayleys.co.nz

Greg Hall 021 023 21884 greg.hall@bayleys.co.nz

Bayleys Real Estate Ltd, South Auckland, Licensed under the REA Act 2008


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Tony Chaudhary

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Bayleys Real Estate Limited South Auckland, (Licensed: REAA 2008)

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