The Precinct
Central Park is a highly unique business precinct with 43,440 sqm of predominantly office NLA across 11 buildings. The precinct benefits from 1,738 car parks, which are located predominantly the southern and northern car park buildings, as well as Building 9.
The buildings are positioned on a prominent 4.85 ha site, with generous planning controls and an uncapped GFA. The inclusion of a gymnasium, child care centre and the food and beverage hub of The Green significantly contributes to the holistic self contained lifestyle precinct that is Central Park.
43,440 sqm
Net Lettable Area
$303 psqm
Average Precinct Net Rent
4.8 years
WALE by Income
1,738
Car Parks
92.4%
Occupancy
11
Separate Office Buildings
17.1%
Rental Uplift*
*achieved above acquisition rents over the vendor’s ownership
The Buildings
| Building | NLA (m2) | %NLA | Base Rent PSM | % pf Precinct Base Rent | WALE (Yrs)1 | Key Occupiers | Tenants |
|---|---|---|---|---|---|---|---|
| Building 1 | 5,672 | 13% | $340 | 15% | 3.96 | Bunnings | 4 |
| Building 2 | 3,898 | 9% | $286 | 6% | 3.64 | Cardlink, DOC | 7 |
| Building 3 | 3,922 | 9% | $277 | 9% | 2.77 | Electoral Commission | 9 |
| Building 4 | 1,707 | 4% | - | - | - | ||
| Building 5 | 6,540 | 15% | $292 | 15% | 2.54 | Netball NZ, Sealord | 23 |
| Building 6 | 3,036 | 7% | $246 | 6% | 3.94 | Illion, BOC, Glory Global | 4 |
| Building 7 | 5,181 | 12% | $403 | 17% | 8.80 | IANZ, NZ Health Partnerships, Restaurant Brands | 6 |
| Building 8 | 6,872 | 16% | $311 | 17% | 5.10 | Probe, NZTA, Turners Group, Bidfood | 7 |
| Building 9 | 1,145 | 3% | $130 | 1% | 7.32 | Lollipops Childcare | 3 |
| Building 10 | 3,771 | 9% | $341 | 10% | 5.47 | Colgate, Estee Lauder, CPSO | 12 |
| Building 14 | 1,696 | 4% | $295 | 4% | 3.84 | Mars NZ | 2 |
| Total | 43,440 | 100% | $311 | 100% | 4.76 |
1By income. Excludes car parking. 2This site does not form part of this offering.
Diversified NLA and Income Stream Across the Precinct
