Dear *|NAME|* One of Auckland’s longest established shopping centres, the Pakuranga Plaza, is up for sale offering a new owner a substantial income flow from close to 100 tenants as well as significant development potential from a probable future zoning change. Located on a high profile site of just under four hectares on the corner of Pakuranga Road and Ti Rakau Drive in East Auckland, Pakuranga Plaza comprises 29,541 sqm of retail and office space generating net annual income of approximately $8.3 million. The retail component of the Plaza is anchored by Farmers, The Warehouse and Countdown The main enclosed shopping mall which has a Farmers Department store and a Countdown supermarket at either end and a mix of other national, international and local retailers in between, plus the four-level Plaza Tower which accommodates office tenants. The Warehouse Plaza, which is anchored by The Warehouse, one of New Zealand’s largest bulk retailers, and also incorporates speciality strip retailers. The standalone Plaza Business Centre which is anchored by ANZ Bank and also contains some office tenancies. The vendor’s preference is to sell the property in its entirety but separate tenders for one or more of the three component parts will also be considered. This offering provides a rare opportunity to purchase a substantial shopping mall which has a strong cashflow and where the hard work of refurbishing and reinvigorating the centre has been done. There is also a huge opportunity to unlock further value from the property in the medium term through mixed-use development, including 10 to 12 storey apartment buildings, permitted by the site’s proposed Town Centre zoning under the new Auckland Unitary Plan. Pakuranga Plaza is being marketed internationally exclusively by Bayleys Real Estate Limited.  We will be travelling to Shanghai, Gaungzhou, Beijing, Hong Kong, Kuala Lumpur and Singapore throughout August and September 2014 to personally present the opportunity to interested parties. Please enquire below to arrange an appointment. We look forward to assisting you with your potential due diligence. Kindest regards, DAVID BAYLEY M +64 21 920 440 B +64 9 375 8401 E david.bayley@bayleys.co.nz Bayleys Real Estate Ltd, Licensed under the REA Act 2008 JAMES CHAN M +64 21 934 054 B +64 9 309 6020 E james.chan@bayleys.co.nz Bayleys Real Estate Ltd, Licensed under the REA Act 2008