Established Supermarket on new 10-year lease
• Supermarket investment in established and popular location
• Returning $840,000 + GST on new 10-year lease term
• Underpinned by 8,771sqm freehold land zoned Business - Metropolitan Centre
• The ultimate hands-off trophy investment as a land play
This established supermarket investment forms part of the Roseland Shopping Centre in Papakura. The property is fully leased on a new 10-year term to General Distributors Limited, a subsidiary of the ASX listed Woolworths Group. Returning
$840,000pa + GST, the property also benefits from having long term add value potential.
Consideration must also be given to the underdeveloped 8,771sqm (more or less) freehold site, which benefits from an intensive Business - Metropolitan Centre zoning, allowing for a range of commercial and residential development options.
• Returning $840,000 + GST on new 10-year lease term
• Underpinned by 8,771sqm freehold land zoned Business - Metropolitan Centre
• The ultimate hands-off trophy investment as a land play
This established supermarket investment forms part of the Roseland Shopping Centre in Papakura. The property is fully leased on a new 10-year term to General Distributors Limited, a subsidiary of the ASX listed Woolworths Group. Returning
$840,000pa + GST, the property also benefits from having long term add value potential.
Consideration must also be given to the underdeveloped 8,771sqm (more or less) freehold site, which benefits from an intensive Business - Metropolitan Centre zoning, allowing for a range of commercial and residential development options.
Key features
Floor area details
Established 2,864sqm (approximately) supermarket in popular location
Lease term
Returning $840,000 + GST on new 10-year lease term
Land area breakdown
Underpinned by 8,771sqm (more or less) freehold land with intensive zoning
Opportunity
Opportunity for add value investors, owner-occupiers and land bankers
Need help with finance?
Vega is Bayleys’ preferred finance adviser for business, providing advice services across residential, business, property development, commercial lending and insurance.