The former Big Fresh Supermarket site on the corner of St Andrew St and Cumberland St has three tenants on the freehold 8088sq m site.
The site closed as a Big Fresh Supermarket in 2003, with the loss of almost 50 jobs, when then owner Progressive Enterprises decided after large annual losses it was not worth spending up to $5 million refurbishing the building, which was opened in late 1995.
Since early 2011, the anchor tenant has been Work and Income, with 3756 sq m of office space and the lease of 46 car parks, Aoraki Polytechnic with 1136sq m of ground and first floor offices and the lease of 15 parks, while Wilson Parking leases 160 parking spaces over two levels.
Total net annual rental is $918,521 a year, each tenant having a new nine-year lease, with rights of renewal and rent reviews built in.
