Morrinsville
66-76 Studholme Street, Morrinsville, Matamata-Piako
Asking Price NZ$6,475,000 + GST
 (if any)
Non-discretionary income with turnover upside
â¢Recently agreed four-year lease extension with 5.6-year lease tail
â¢Returning $471,683pa net + GST, plus turnover rental
â¢Captive provincial market, well supported by local agricultural economy
â¢Leased to ASX-listed entity (Woolworths Group) with non-discretionary spend profile
Servicing one of New Zealand's most prosperous dairy farming areas, Countdown Morrinsville represents a resilient investment proposition, generating a solid cash flow with added turnover rental.
With occupation dating back to 1994, ASX-listed entity Woolworths Group has recently extended its lease by four years, further underpinning the value of this nondiscretionary opportunity.
Josh Smith
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
David Cashmore
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Ryan Johnson
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Features
Lease
Recently agreed four-year lease extension with 5.6-year lease tail
Passing income
Returning $471,683pa net + GST, plus turnover rental
Catchment
Captive provincial market, well supported by local agricultural economy
Anchor tenants
Leased to ASX-listed entity (Woolworths Group) with non-discretionary spend profile
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