For sale by expression of interest

Central Park

660 Great South Rd Ellerslie, Auckland New Zealand

One of New Zealand’s
largest and best business parks

Central Park is one of New Zealand’s largest suburban business parks providing 46,787 sqm of NLA across 12 buildings.

The significant freehold 4.85 hectare site includes a food & beverage precinct - The Green - and substantial car parking for 1,699 vehicles.

Central Park has an uncapped GFA and generous planning controls providing a considerable and flexible redevelopment pipeline into the future.

Central Park is one of New Zealand’s largest business parks with 46,787sqm of NLA.
With 12 buildings across the 4.85 ha precinct, tenants are afforded a full range of floor plate layouts, sizes and rental price points.
Central Park delivers a highly diversified income stream, with over 80 tenants (including car parking operators) and no single tenant accounting for more than 11% of the Precinct’s gross income.

Average precinct net rent is $355psqm and 53% of economic rents.
53% out performance of Auckland Net Face Rent Growth since 2022 (source: CBRE Research)

In 2024, the vendor completed a state of the art operations centre for Kiwi Rail under a 25 year lease. The building was designed as an ‘Importance Level 3’ structure given the essential services completed by the Operations Centre.
The building also achieved 5 Star Green Star.
Central Park, with its low in-built land costs, it’s convenient location and, proximity to major transport network, offers further development opportunities to meet future tenant demands.

Building 11

The 4.85 ha Central Park site has no GFA cap and generous planning controls, enabling redevelopment of the Precinct over the short to long term.

Only 7km from the Auckland CBD, situated in the heart of the Southern Corridor Office precinct, and a short walk to the popular Ellerslie village.
Highly accessible given its immediate proximity to the Motorway and adjoining train and bus transport nodes.