New build Gilmours wholesale store

31 Taurikura Drive, Tauriko


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New build Gilmours wholesale store | 31 Taurikura Drive, Tauriko | 1691015 |      X Close

New build Gilmours wholesale store

• Foodstuffs New Zealand tenant covenant

• 9.7 year WALT with biennial CPI + 1.00% rent reviews

• Situated in the Tauranga Crossing Lifestyle Centre

Gilmours Tauranga presents as a modern large format grocery retail investment, part of the recently developed Tauranga Crossing. Positioned within the highly coveted and defensive commercial real estate sector, the grocery sector, Gilmours Tauranga presents as an outstanding investment opportunity, offering highly compelling investment fundamentals. Currently returning $732,507 per annum plus GST and outgoings, the lease offers biennial indexed rental growth.

Forming part of Tauranga's newest regional shopping centre and lifestyle centre, Tauranga Crossing has been developed in stages since the opening of the 'Town Centre' in 2016. Currently tenanted by in excess of 120 retailers, Tauranga Crossing has a significant trade area population of 284,370 and expenditure of $3.6 billion.

Tauranga is currently New Zealand's best performing region by GDP growth and the second fastest growing population. It is located within New Zealand's 'Golden Triangle', which accounts for approximately 52.5% of national GDP and 50.6% of the national population.

Investment opportunities of this calibre in the Golden Triangle, offering a Foodstuffs New Zealand tenant covenant and rental growth are rarely presented to market.

For further information, or to arrange a viewing please contact a member of the project team.

31 Taurikura Drive, Tauriko

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