174 Courtenay Street, New Plymouth, New Plymouth

Woolworths investment with upside potential

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
sunil.bhana@bayleys.co.nz

Mike Houlker
021 945 927
mike.houlker@bayleys.co.nz

Charlie Tudehope
027 845 4617
charlie.tudehope@bayleys.co.nz

Iain Taylor
021 473 253
iain.taylor@bayleys.co.nz