Listing #:2152274169

Westgate Retail Portfolio

Location: Maki Street, Westgate, Westgate, Waitakere City, Auckland
Property use: Retail
Floor area: 138-8055m2
Land area: 0m2
Price: To be sold by deadline sale (by 19 Jun)
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: The Warehouse + Wet & ForgetTorpedo7 + CrackerjackChemist WarehouseEvent CinemasRobert HarrisTexas ChickenWestgate BowlingF45 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

Agency reference #: 213308
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Deadline sale
Listed: Fri 17 May, 5:40 pm
Blair Peterken
Colliers International, (Licensed: REAA 2008)
  • Contact details
  •  (09) 3578615
  •  (021) 421426

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Agent's details

Blair Peterken
  •  (09) 3578615
  •  (021) 421426
Craig Smith
  •  (09) 3597971
  •  (021) 490580
Colliers International, (Licensed: REAA 2008)
(09) 3581888
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Expires: Mon 12 Aug, 10:07 am
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