Auckland's Finest Retail Investment?

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Auckland's Finest Retail Investment?

2 Te Napi Drive, Takanini, Papakura

Waiata Shores Neighbourhood Centre is one of Auckland’s finest retail investments, comprising the Waiata Shores Retail Centre – anchored by Woolworths in New Zealand’s first 5 star Green Star supermarket building and Waiata Shores Medical Centre – a purpose built full service medical centre.

Progressively opened since December 2021, the Centre generates a total estimated net passing income of $2,556,001 plus GST per annum, with 86% of estimated net income sourced from non-discretionary grocery and medical tenants.

Rental growth is built in across all leases, highlighted by a fixed 5 per cent Woolworths rent review due in 2029, a highly sought after mechanism rarely seen in supermarket investments. Combined with the centre's exceptional construction quality, Green Star credentials, prominent gateway location and strong surrounding catchment growth, the investment proposition is compelling.

The Waiata Shores Neighbourhood Centre is offered for sale by way of Expressions of Interest closing Thursday 24th September 2026 at 4:00pm NZST (unless sold prior).

For more information visit Woolworths-WaiataShores.com or to arrange an inspection, please contact our agents below:

Brad Ross
brad.ross@cbre.com
+64 204 532 720

Brent McGregor
brent.mcgregor@cbre.co.nz
+64 21 870 508