A rare chance has arisen to secure a brand-new, purpose-built supermarket investment, delivering fortress-grade income security in a never-to-be-repeated central Taupō location.
JLL’s Harry Ferguson, Jonathan Ogg and Sydney based Nick Willis have been exclusively appointed to bring to market Woolworths Taupō Central.
The offering represents a once-in-a-generation opportunity to acquire a premier, top-performing supermarket investment.
Occupying a highly coveted freehold corner position in the heart of Taupō CBD, this state-of-the-art property delivers ultra-secure, non-discretionary income backed by an ASX Top 50 blue-chip covenant.
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As Australasia's leading grocery retailer with a continuous trading presence at the site since 1961, the tenant offers exception, time-tested security for the incoming investor.
The property is offered for sale via International Deadline Private Treaty, closing 4:00pm on Thursday, 22 October 2026 (unless sold prior).
Completed in September 2025, the 4,175 square metre full-line supermarket occupies a prominent 7,309 sqm freehold corner site at the intersection of Spa Road and Tongariro Street.
This location serves as the primary daily-needs gateway to the city, capturing substantial daily traffic and offering outstanding customer accessibility with 195 car parks (on the subject site), including 146 undercover spaces.
Underlining its sector-leading environmental credentials, the property was designed to achieve 5 Green Star certification, positioning it among New Zealand's elite sustainable commercial properties.
JLL Director of Retail Investments New Zealand, Harry Fergusson, emphasises the exceptional quality and rare market position of the asset.
"Woolworths Taupō Central represents a true, brand new, fortress-grade investment opportunity that rarely surfaces in the market," says Fergusson.
"The property is 100% secured by a brand-new 10-year lease to Woolworths, an ASX Top 50 listed company, which features structured rental growth with a 5% rental uplift in year five.
"The store is already delivering exceptional results, trading as one of Woolworths' highest-grossing regional supermarkets nationwide.
"With Taupō's retail grocery floorspace per capita sitting 41% below the national average , this asset operates within a structurally undersupplied market with powerful demographic tailwinds, providing the incoming owner with an unmatched defensive competitive position and sustained capital growth potential."
The Taupō district continues to benefit from extraordinary macroeconomic momentum and accelerating population growth.
The district's population is projected to expand by 1.30% per annum through 2060, more than double times the national average of 0.52%.
This growth is amplified by a significant wealth effect, with local residential property values surging by 123% over the last ten years.
JLL Executive Director of Capital Markets New Zealand, Jonathan Ogg, highlights the transformational regional infrastructure underpinning the asset's long-term value proposition.
"This property sits within a high-growth catchment supported by over $1 billion of committed regional infrastructure investment, anchored by Mercury Energy's substantial geothermal programme
"This transformational investment underwrites long-duration employment stability and economic resilience.
"Furthermore, New Zealand's highly attractive investment framework, featuring no stamp duty, no land tax, and generally no capital gains tax continues to draw significant institutional capital seeking premium regional assets of this calibre."
JLL Executive Director of Retail Investments Australia & New Zealand, Nick Willis, notes the unprecedented appetite from sophisticated offshore buyers.
"The volume of Australian capital actively targeting New Zealand retail assets is at the highest level we've seen in the last seven years," says Willis.
"As intense yield compression and competitive bidding in Australia limit domestic opportunities, investors are increasingly looking to New Zealand for compelling relative value.
"These high-quality, freestanding, brand new supermarkets in Australia are comparatively trading sub 5% - given the value which Woolworths Taupō
Central represents, we expect strong offshore regional investor engagement.”
- Supplied by JLL
