The largest offering for sale is a 130sq m unit occupied by a Columbus cafe at the entrance to the centre in a high profile position which incorporates a covered outdoor seating area.
Columbus was established in 1994 and now has close to 50 outlets nationwide.
Chaudhary says Columbus has used other similar new retail convenience centre developments to expand its presence around Auckland where more than half of its cafes are located.
"A particular attraction with its new eight-year lease is fixed rental increases which provide assured, built-in rental growth from the initial base of $55,000 a year," he says.
An 80sq m outlet to to be occupied by Yogg, a frozen yoghurt shop, is producing $38,000 a year from a new six year lease that has built-in annual rental increases based on indexed reviews.
Chaudhary says Yogg is an innovative frozen yoghurt bar that sells soft serve yoghurts with a range of toppings that customers can "pick'n'mix" themselves.
"It also sells probiotic yoghurt, which appeals to health-conscious consumers. Its initial shop was opened in Mission Bay and it is currently in an expansion phase."
The other two units being auctioned, both of 70sq m, are a Bruce Lee Sushi & Roll store on a 10 year lease at an initial annual net rental of $26,000 and a Snacker Convenience Store on an eight-year lease at a starting yearly rental of $34,300.
This is Bruce Lee's fifth Auckland outlet and its lease is indexed to the Consumer Price Index while the Snacker lease has annual reviews to CPI plus 2 per cent.
Its store will be modelled on its central-city outlet in Quay St, and is planned to include a Lotto outlet.
Chan says the retail convenience centre has been constructed to the latest building standards and code with tilt slab concrete walls and a high quality commercial fit-out throughout, including shop front aluminium joinery, aluminium composite panel cladding and Longrun roofing.
"The level, square shaped site has also been well landscaped with a sealed and kerbed central parking area which has convenient customer parking for up to 45 cars."
The centre is anchored by a drive-through facility occupied by a branch of Carl's Jr - the giant American fast food chain that is moving into New Zealand.
Chan says the Carl's Jr premises, which were sold before the auction, will contribute to a high volume of traffic coming onto the site.
He says the centre's tenants were carefully chosen to provide a good mix and variety of complementary "convenience" food businesses, all with existing, established operations.
The property is being developed by the Aubrey Edward Group, which was established in 2005 and has been involved in commercial and industrial developments in East Tamaki, Manukau and Mt Wellington.
It has recently completed a similar type of convenience retail project on Great North Rd in Avondale. All four units in that centre put up for sale at a Bayleys Total Property auction in December last year went under the hammer at prices ranging from $500,000 to $1,075,000,
The site on which the Pakuranga centre has been established has a wide street frontage to Pakuranga Rd, which is a main connecting route from motorways and central Auckland to the growing Pakuranga and Howick areas.
Chaudhary says other high profile retailers are nearby, along the busy four-lane road, including McDonald's, Z and Caltex service stations, Palmers Garden Centre, KFC, Burger King, Subway and Placemakers.
Within 1km are Saint Kentigern and Pakuranga Colleges, the Howick Pakuranga netball courts, Lloyd Elsmore Park and the Pakuranga Rugby Club.
