The land and building housing a long-standing operation for New Zealand’s biggest supermarket chain have been placed on the market.
The property in the centre of prosperous Waikato town of Matamata contains the town’s Countdown supermarket.
Countdown is New Zealand’s leading supermarket brand – with 180 branded supermarkets across New Zealand employing more than 18,000 workers and stocking some 20,000 product items on its shelves.
Sitting on some 2352sq m of flat square-shaped land zoned commercial 8A under the Matamata Piako District Council plan, Countdown Matamata operates from a 1050sq m building which has a new building standards rating of 96 per cent.
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Countdown Matamata has been on the site since 1995 and is firmly established among the town’s biggest and busiest retail outlets.
General Distributions Ltd – trading as Countdown Matamata – is on a current lease at the 82 Arawa Street site running through to 2022 with two further three-year rights of renewal, generating annual rental revenue of $189,000 plus GST and operating expenses.
The prime freehold land and building are being marketed for sale at auction on November 11 through Bayleys Hamilton.
Salesperson Josh Smith said the property benefitted from being a close walk from the town’s central business district, having on-site carparking for 32 vehicles, with additional street parking on Gouk Street consisting of 19 marked public parking spots.
“Constructed of concrete block with long run iron roofing, the building features a standard design and layout for a supermarket - with the aisles leading towards the checkout area before exiting the store,” said Smith.
“The produce, butchery, and deli’ sections all include separate preparation and storage areas operated under appropriate health and food safety regulations.
“The northwestern corner of the building has a second level accessed via an internal stairwell, and contains staff facilities including lunchroom, separate male/female toilets, and locker storage for personal belongings.
“The manager's office is located on this level to give some separation from the shop floor.
"Meanwhile, goods are delivered to the supermarket via a wide service alley running down one side of the building.
"This area also houses several shipping containers used for additional storage space, and is also where the waste removal bins are located.
“As befitting of a Countdown supermarket required to meet the parent’ company’s strict customer service and brand representation standards, the Arawa Street property has been maintained both internally and externally to an extremely high stand throughout its life.”
Smith said the store’s internal temperature was maintained by multiple air-conditioning units fixed on the roof, along with heaters on the store’s ceiling. Both services were operated and maintained by the tenant.
“Artificial lighting throughout the store - along with additional natural lighting from the high windows - provides an overall experience shoppers expect from the Countdown brand,” he added.
Smith said Government imposed Covid-19 community movement restrictions had highlighted the value of supermarkets in New Zealand society – particularly locations servicing rural populations such as Matamata.
“Supermarket operations such as Countdown Matamata are classified by the Government as essential service providers – and rightfully so.
"The essential services provider classification has endorsed the attraction of this investment class – underpinned by a nationally-branded tenant on a long lease in a prime CBD location,” he said.
“There are few other locations or buildings of this type in Central Matamata, and the Countdown brand fits in with the town’s general population demographic.”
As a rural services town with a population of some 7806 residents according to the 2018 census, Matamata’s businesses derive much of their income from the dairying, equine and cropping sectors of primary industry, along with tourism linked to the Lord of the Rings Hobbiton attraction on the outskirts of town.
- Article supplied by Bayleys
