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Medium Format Retail/Medical Asset

Land area 1,713 sqm (freehold title) | Strong tenant covenants | Brand new construction

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The Opportunity

Building B | Nestled right at the heart of the town centre, an extensive 1,500 sqm space accompanied by 500 parking spots has laid a strong foundation for Rolleston Fields expansive retail venture that’s poised to evolve into a thriving district hub.

In the coming months, a selection of the most well-known and respected Australasian brands will call this place home. These leading names have recognised the immense potential of this growing area and are eagerly preparing to open their doors just in time for Christmas 2023.

Features
• Medium format retail
• Land area 1,713 sqm (freehold title)
• Strong tenant covenants
• Brand new construction
• Fixed annual growth
• High growth locality
• Architecturally designed
• WALT 6.94 years
• Multi tenanted, good spread of risk
• Great car parks

For Sale by Deadline Private Treaty closing 4pm, Thursday 14th December 2023 (unless sold prior).


Highlights

Strong tenant covenants

Among the esteemed tenants is the Woolworths Group, which seized a significant opportunity in the pet industry earlier this year when it acquired a 55% stake in Petstock for $586 million. Woolworths envisions substantial growth in this sector, and the Rolleston Fields store is primed to become one of their flagship locations, with the area having the highest pet ownership rate in all of New Zealand.

Multi tenanted, good spread of risk

Joining the lineup is Bargain Chemist, a highly regarded pharmacy retailer known for its commitment to quality products and competitive pricing. Choosing to establish themselves here perfectly aligns with their forward-thinking strategy of expanding into high-growth areas. This decision mirrors the continuous growth and development of the district, showcasing their commitment to being at the forefront of emerging opportunities.

This dynamic blend of premium brands and strategic partnerships underscores the promising future of Rolleston Fields retail precinct, offering a fresh and vibrant shopping experience for both the local community and visitors.


The Agents

Mark Macauley

Courtney Doig

Investment Sales Broker

Licensed under the REAA 2008

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Location

Sales Process

For Sale by Deadline Private Treaty 4pm, Thursday 14th December 2023 (unless sold prior).

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