22 Stoddard Road, Mt Roskill, Auckland

Thriving Auckland neighbourhood shopping centre

• 100% leased with 80% of income from national and chain tenants
• 65% of income linked to CPI and/or fixed rent reviews
• Currently returning $2.74 million + GST net p.a. (approximately)
• 8,412sqm (approximately) NLA on a substantial 1.9195 hectare freehold site
• Favourable General Business zoning

22 Stoddard Road is 100% occupied and leased to some of New Zealand's most well-known brands including The Warehouse Group and major banks (ANZ, ASB & Westpac). The Centre benefits from being situated directly next to McDonalds and a New World Supermarket with numerous other major retailers in close proximity.
Prominently positioned within one of Auckland's most transformative suburbs, the Centre offers exceptional convenience and proximity to all major roading links and networks and is located just 8 kilometres south of Auckland's CBD.
With potential for vertical expansion (16.5m height limit) or re-optimization of the tenancy layout over time, the centre offers positive future development opportunities combined with a growing population base and large customer catchment.

For further information contact the agents today.
Sunil Bhana
+64 27 845 4617
sunil.bhana@bayleys.co.nz

Mike Houlker
+64 21 945 927
mike.houlker@bayleys.co.nz