21 Cavendish Drive, Manukau City Centre, Manukau City

Deadline Treaty closing 16th April 2025

3.92ha

9.8ha

NZ's Premier Infill Large Format Retail Centre

An opportunity of absolute scale and dominance.

JLL presents Manukau Supa Centa to the market - a rarely offered 100% interest in a prime Auckland metropolitan LFR Centre.

Manukau Supa Centa stands as a fortress asset in Auckland’s retail landscape, evidenced by Kmart’s exceptional performance and noted by Location IQ as one of the retailer’s top-performing stores in the Australasian network. The Centre is 100% occupied and boasts an impressive tenant mix, with 62% of income weighted to international retailers and 35% to national brands.

Manukau Supa Centa offers substantial value-add potential. With a site coverage of just 40%, the Centre presents significant opportunities for continued expansion and development* to meet growing retailer and consumer demand. The Centre’s Metropolitan Centre Zoning, the highest order of commercial land zoning across Auckland, permits development of up to 72.5 metres, allowing for various uses including mixed-use.

This sale represents a rare opportunity to acquire a dominant retail asset in New Zealand’s largest and fastest-growing city.

*Subject to council approval (STCA), and/or co-owner approval within the strata schemes.

Investment Highlights
• An opportunity of absolute scale and dominance - NZ's second-largest LFR Centre (+39,000 sqm* GLA) with 97% of income underpinned by international and national powerhouse brands including Kmart, Baby Bunting & Rebel, and co-located with Harvey Norman, Bunnings Warehouse and Mitre 10
• Occupying an irreplaceable site in the heart of the Manukau town centre precinct, 21km* south of the Auckland CBD and 400m* from the train station
• Large avg. tenancy size with accessible lease tails providing strong rental reversion upside opportunities
• Significant value-add potential: 40% site cover, flexible Metropolitan Centre Zoning allowing retail uses & mixed-use development (72.5m* building height)
• Fully leased net income $11.5 Million*

Manukau Supa Centa is available for sale exclusively through JLL by International Expressions of Interest (EOI) closing 4:00pm NZST, Wednesday, 16 April 2025.

For further information or to arrange an inspection, please contact the exclusive selling agents.

*All figures are approximate and subject to change.

Additional details

Type

Retail

Property ID

HGL2237230

Listed on

20/03/2025

Updated

3 days ago

Data

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