JLL is proud to present a substantial freehold retail investment that is 100% leased to Bunnings Warehouse at 2-12 Titirangi Road, New Lynn, Auckland. This is a rare opportunity for astute long-term investors seeking to landbank with a long-term view of sustainable returns with annual growth and provisions for market rent reviews in an established and high-performing market segment.
Bunnings New Lynn is situated on the corner of Great North Road and Titirangi Road in New Lynn, just 10 kilometres southwest of Auckland’s CBD. The location experiences a mix of residential, commercial, and industrial activity with an immediate population of approx. 15,000 people. The area has seen significant growth over the years due to its proximity to Auckland's CBD and its accessibility via public transportation, including trains and buses. With ongoing urban development and infrastructure improvements, New Lynn has become an appealing location for residents and businesses alike. Furthermore, the favourable Metropolitan Centre Zoning will ensure the properties strong future value.
The property is purpose built for trade retail and is occupied 100% by Bunnings Warehouse, owned by ASX-listed Wesfarmers. Bunnings Warehouse is a leading hardware and garden centre chain with over 280 stores and 67 Trade Centres across Australia and New Zealand.
Key highlights:
• Multinational Leading Retailer – Bunnings Limited
• Net annual rental of $2,359,976 plus GST
• Fixed annual rental growth
• Sizeable 2.2ha freehold site
• Corner site with significant dual street frontage
• Favourable Metropolitan Centre Zoning
For sale via Price by Negotiation.
For further information on this opportunity please contact the exclusive listing brokers.
