Returning $1,241,392 p.a. + GST, Woolworths Orewa presents a rare opportunity to acquire a landmark supermarket investment underpinned by one of Australasia's strongest retail covenants.
Leased to Woolworths New Zealand and supported by the strength of the ASX and NZX-listed Woolworths Group, the investment is underpinned by one of Australasia's leading retail operators. With more than 1,800 stores across Australia and New Zealand and over 190,000 employees, Woolworths Group has built a market-leading position over more than a century of operation, providing investors with exceptional covenant strength.
Occupying a substantial 9,380 sqm Business - Town Centre zoned landholding across nine freehold titles, comprising 4,556 sqm of net lettable area, this modern supermarket is further supported by 145 on-site car parks. Benefitting from more than 200 metres of road frontage, the asset enjoys a dominant presence within Orewa’s established commercial centre and has been extensively refurbished in 2014 to support its long-term operation.
Positioned just moments from Orewa Beach and at the heart of the thriving Hibiscus Coast, the property services one of Auckland's fastest-growing coastal catchments. Continued residential expansion, strong population growth and limited opportunities to secure assets of this scale continue to underpin the area's long-term investment appeal.
With rights of renewal extending through to 2081, a nationally significant supermarket tenant and a strategic town centre landholding of genuine scale, Woolworths Orewa represents a truly generational investment opportunity.
Contact either of the Sole Agents today for further information or to register your interest. Shoneet Chand 021 400 765 and Matt Prentice 021 464 904
Features:
- Returning $1,241,392 pa + GST
- 10 Year Lease from April 2021
- Final Lease Expiry in April 2081
- ASX & NZX Listed Tenant Covenant
- 9,380sqm Business - Town Centre Zoned Land
- Nine Freehold Titles - over 200m Road Frontage
- 4,089sqm Net Lettable Area + 145 Car Parks
- Extensively refurbished in 2014
More information: https://www.colliers.co.nz/p-NZL67041016
