The Opportunity

On offer is the opportunity to own one of New Zealand's highest performing "The Warehouse" stores on a new 10 year term. Fraser Cove is managed by NZRPG, this hands off passive investment with a high calibre NZ Stock Exchange listed tenant in the growth of Tauranga is often sought and rarely found.

Features:

Floor area: 9,996.68m²
New 10 year lease
Net rental (estimated) $2,021,000 + GST
Strong tenant covenant
Retail centre anchored by The Warehouse and Countdown
Huge number of carparks on site
Guaranteed rental growth

For Sale by Deadline Private Treaty 25th May 2023 16:00 (Unless sold prior)

Guaranteed rental growth paid by one of New Zealand's most established and substantial retailers with a built in manager is an investment dream.

Make no mistake this is a trophy asset in every way!

Highlights

Central position within the Tauranga region

The Fraser Cove shopping centre enjoys a central position within the Tauranga Region and is accessible by the wider region with relative ease. The 32,000m² large format retail commercial centre boasts over 1,200 carparks and features some of New Zealand's leading brands including Cracker Jacks, Chemist Warehouse, Repco, Countdown, Evo Cycles, Burger King and many more.

Major New Zealand brands

Fraser Cove has built a reputation as a community and family friendly hub. Major New Zealand brands within the centre offer convenience and are supported by a regular programme of community and family events and activities run from the onsite proactive management and marketing team.