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10-year lease to Countdown Colliers has the privilege to be appointed by Woolworths NZ Limited to market for sale the freehold interest of the Countdown Regent located in central Whangārei. Countdown Regent is a strong performing store and will be subject to a new 10-year lease-back to General Distributors Limited trading as Countdown, who are a subsidiary of ASX listed Woolworths Group (WOW.ASX). The property is well-positioned in central Whangārei and has had significant recent upgrades and expansion work illustrating long-term commitment by Woolworths. There will be minimal opportunities to secure an investment of this quality and this is therefore your chance to acquire a significant stake in one of New Zealand’s most coveted asset classes. For Sale via Negotiation (Please note, the property is for sale, not the business)
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Countdown Regent, Whangārei |
 Key features of the property include: - Estimated net Income - $1,414,000 + GST per annum (approx) - Gross Floor Area - 3,785m² - Site Area - 11,952m² - New 10 year lease to Countdown with expiries out to 2082 - A Grade seismic rating - 80% DSA (soon to be completed) - Significant upgrades and expansion work completed |
Countdown Regent Location |
Countdown Regent Location |
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 An Exceptional Tenant Covenant Countdown Regent is 100% leased to General Distributors Ltd, a subsidiary of Woolworths New Zealand Ltd and in turn, Woolworths Group, a national retail group and the largest in Australasia. Woolworths has over 1,050 stores in Australia and New Zealand including its supermarkets and retail divisions. Woolworths employ over 210,000 people to service on average 28 million customers per week enabling them to generate $55.7B AUD in sales from continuing operations in FY21, improving group EBIT by 11.1% from FY20, achieving an average growth of 11% over the last four years. |
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Enquiry |
The Agents |
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