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Tokoroa

12-20 O'Sullivan Drive, Tokoroa, South Waikato

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2,788sqm Floor area
10,532sqm Land area SQM

For Sale by Negotiation

Essential service Countdown investment


• 20 year lease with over 11 years remaining on the current term
• Leased to Countdown currently returning $636,431 plus GST (net)
• Rights of renewal until June 2072
• Modern 2,788sqm supermarket on a prominent 10,532sqm freehold site

Constructed in 2011, this property offers modern supermarket premises leased long term to ASX listed Woolworths Group with a WALT of 11 years. Countdown is the trading brand of Woolworths New Zealand Limited, a subsidiary of publicly listed Australian company, Woolworths Group Limited.

With the supermarket sector amongst the most resilient investment classes, offering low volatility throughout any economic environment. This is a bottom draw investment that will appeal to all investor groups.

Willem Brown
021 161 4066
willem.brown@bayleys.co.nz

Sunil Bhana
021 938 660
sunil.bhana@bayleys.co.nz

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

Willem Brown

Willem Brown


Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Sunil Bhana

Sunil Bhana


Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
Mike Houlker

Mike Houlker


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008

Features

Location


This property is well located on a prime site just off State Highway 1 and close to the central retail precinct of Tokoroa

Property


Modern 2,788sqm supermarket on a prominent 10,532sqm freehold site

Tenant


Leased to Countdown currently returning $636,431 plus GST (net)