Kelston Mall has been a prominent community hub since 1964 and has been significantly expanded and refurbished since. Anchored by some of New Zealand’s best known brands including Woolworths, a stand-alone drive-through McDonald's, Pizza Hutt, Subway, Tank plus a Mobil service station, the centre provides well established income with plenty of opportunity for growth and future development.
Benefiting from extensive dual road frontage to two major arterials and just a 20-minute drive from the CBD, the centre lies in the heart of the historically significant suburb of Kelston in Auckland’s western suburbs. With 30% population growth expected in the centre’s primary catchment area over the next 30 years, Kelston Mall is exceptionally well positioned to take full advantage of future zoning changes to provide greater development density.
Investment Highlights:
• Strong income growth and development potential
• Over 52% of income derived from Woolworths, McDonalds and Mobil
• 290m of prime corner road frontage
• Diversified tenancy mix - grocery food and beverage, medical & childcare
• Over 2.1ha land (more or less) and 7,729sqm ground floor area (approximately)
• Net passing income circa $2,340,000pa + GST
