Prime investment in Kumeu’s retail strip
A well-presented and fully tenanted investment in a thriving West Auckland corridor offers buyers a stake in a tightly held, rarely available retail precinct.
In one of Auckland’s key growth hubs, 49 Main Rd, Kumeu is presented to the market by JLL, for deadline sale closing on October 18, unless sold prior.
Covering a substantial 1839sq m of freehold land, 49 Main Rd features two distinct freestanding buildings with net lettable area of 743.5 sq m.
Included in this space are five diverse tenancies that are strategically positioned within Kumeu's vibrant Main Rd retail precinct, a leading project in developing a key Auckland growth pathway.
Among the current occupants are recognised retail names such as Canterbury Equestrian, SPCA and Harveys Real Estate, all with established local presences in a diverse hub.
Fully leased, this property ensures occupancy and consistent rental growth in the coming years, securing long-term cashflow for the astute investor.
Kumeu is a suburb going through an impressive transformation, evolving from a serene countryside retreat surrounded by orchards and vineyards into a dynamic, busy town centre that sees consistent traffic on Main Road, connecting Auckland with the western beaches and Waita¯kere Ranges.
Residential developments, sought-after education providers, supermarkets and a burgeoning commercial precinct have reshaped its identity.
Situated on Kumeu's primary retail thoroughfare, the property benefits from over 30,000 passing vehicles daily, and recent road enhancements have amplified its visibility and accessibility.
Its prime location represents a strategic investment decision, as JLL associate director Alex Wefers points out.
“With 100 per cent occupancy, its diversification of income across five tenants creates a wellrounded and low-risk investment.
“Income stability is further reinforced by a blend of fixed annual growth and market rent reviews, ensuring a balanced financial future for the next buyer.
“Stability is the foundation of every successful investment, and 49 Main Rd features a 100% NBS seismic rating to reassure tenants and investors alike that the building will be around to see in the expected growth of the suburb.”
JLL associate director, Jason Armstrong, highlights that the property’s desirability extends beyond its location. “Boasting an A+ grade seismic rating that guarantees structural integrity, recent capital investments ensure 49 Main Rd is ahead of the curve when it comes to modern retail spaces.
“The north-facing facade captures attention and invites abundant natural light throughout the day. With excellent signage visibility and convenient access to vital transport routes, particularly Main Rd (SH16), the property assures tenants and customers a hassle-free experience. On-site parking for up to 32 vehicles further enhances its marketability and accessibility for visitors.”
With competitive rental rates of $269 per sq m net for the offices and $333 per sq m net for the retail spaces, 49 Main Rd's value is evident in both its physical attributes and its financial potential.