Investigation Report

Douglas McLean Avenue Properties - Critical Analysis

--- Source: Douglas McLean Avenue Properties - Critical Analysis.txt --- # Douglas McLean Avenue Properties - Critical Analysis **Source:** Colliers NZ Property Listing (NZL67035458) **Date:** December 28, 2025 --- ## CRITICAL FINDING The Colliers listing for **27-28 Douglas McLean Avenue** reveals key information about the property situation: ### Key Facts from Listing > "27-28 Douglas McLean Avenue and 1A Bedford Road is located in the heart of the busy Marewa Shopping Centre, this we...

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--- Source: Douglas McLean Avenue Properties - Critical Analysis.txt ---

Douglas McLean Avenue Properties - Critical Analysis

Source: Colliers NZ Property Listing (NZL67035458) Date: December 28, 2025

CRITICAL FINDING

The Colliers listing for 27-28 Douglas McLean Avenue reveals key information about the property situation:

Key Facts from Listing

> "27-28 Douglas McLean Avenue and 1A Bedford Road is located in the heart of the busy Marewa Shopping Centre, this well-positioned medical premises offers a rare opportunity for developers and owner-occupiers to secure a strategic asset in a high-profile location."

> "Currently occupied by Central Medical Napier, the premises are fitted out with good quality medical rooms tailored to the tenant's requirements." > "The current lease provides holding income of $103,605 + GST per annum until 31 March 2026. With the tenant relocating to the adjacent building currently under development, the timing is ideal for those looking to occupy, develop or invest in this sought-after location."

Analysis

1. Central Medical is a TENANT, Not Owner

Central Medical Napier (OmniHealth) is renting the premises at 27-28 Douglas McLean Avenue. They do not own this building.

2. Adjacent Building Under Development

The listing confirms that Central Medical is relocating to an "adjacent building currently under development" - this is the new building at 29 Douglas McLean Avenue.

3. Property Details

| Field | Value |

|-------|-------|

| Address | 27-28 Douglas McLean Avenue + 1A Bedford Road |

| Land Area | 523 m² |

| Ground Floor | 193.8 m² |

| First Floor | 63.2 m² |

| Car Parks | 9 (6 leased) |

| Current Rent | $103,605 + GST p.a. |

| Lease End | 31 March 2026 |

| Sale Method | Deadline Private Treaty (closed 3 Sept 2025) |

4. Questions Raised

  • Who is developing the adjacent building (29 Douglas McLean)?
- The listing mentions "adjacent building currently under development"

- This is NOT the same property as the one being sold

- The developer of 29 Douglas McLean is unknown

  • Who owns 27-28 Douglas McLean Avenue?
- The property is being sold

- Current owner is unknown from this listing

- Colliers agents: Ash and Calum

  • Is OmniHealth purchasing or leasing the new building?
- Unknown whether they will own or rent at 29 Douglas McLean

Relationship Between Properties

| Address | Status | Occupant | Owner |

|---------|--------|----------|-------|

| 27-28 Douglas McLean Ave | For Sale | Central Medical (tenant) | Unknown (being sold) |

| 29 Douglas McLean Ave | New development | Central Medical (moving here) | "Network Video" (per council) |

Next Steps

  • Identify the developer of 29 Douglas McLean Avenue
  • Search for building consent records for the new development
  • Cross-reference "Network Video" with any known entities
  • Check if OmniHealth has any property-holding subsidiaries