Key features:
• 3,760sqm Woolworths supermarket in prominent CBD location
• Returning $790,000pa net + GST, with multiple renewal rights through to 2053
• Market rental growth upside and long-term value uplift potential
A well-positioned Woolworths supermarket on a strategic corner within New Plymouth’s CBD. This is a prime strategic supermarket investment leased to one of New Zealand’s most trusted retail brands.
The property has a conventional supermarket layout with bakery, delicatessen, and seafood departments, supported by storage, offices, and a covered loading area. There are 100 basement spaces and 54 on-grade spaces at the front, and shared customer parking with the neighbouring McDonald’s.
The asset offers meaningful add-value potential through rental reversion and alignment with Woolworths’ national refurbishment programme over the medium term.
Sunil Bhana
021 938 660
[email protected]
Mike Houlker
021 945 927
[email protected]
Charlie Tudehope
027 845 4617
[email protected]
Iain Taylor
021 473 253
[email protected]
