CBRE exclusively presents Woolworths Ashburton South – an unmatched supermarket investment.
The asset comprises 3,857 sqm of lettable area on a large 1.37ha corner site which has wide frontage to State Highway 1. A signalised intersection provides access to South Street which provides easy and all-turn access into the well laid out car park. The car park provides 207 A-grade spaces and integrates seamlessly with the recently completed adjoining Kmart anchored retail development, providing seamless cross-shop opportunities for patrons.
A new 10-year lease is in place, giving long-term security with strong covenant. The recent construction date (2017) and expansion (2023) provides additional investment comfort, and refurbishment works are underway helping to future proof the asset. The supermarket is the largest servicing the Ashburton District.
Ashburton is strategically located in the mid-Canterbury region of New Zealand’s South Island, approximately 80 km southwest of Christchurch and 110 km northeast of Timaru. This positioning makes Ashburton a key service hub for the expansive Canterbury Plains, particularly for the agricultural sector.
Key Investment Highlights:
- Exceptional tenant covenant & cashflow security
- High quality improvements
- Thriving regional community
- Economic resilience
- Unmatched location
- Long-term lease profile
- Prime site with unmatched profile
- Proven outperformer
- Rental growth opportunity
- Hedged operating expense risk
For sale by way of Expressions of Interest closing Thursday 31st October 4:00pm NZST (unless sold prior).
For further information, contact the listed CBRE team below:
Tim Rookes: +64 27 562 3700, Cameron Darby: + 64 27 450 7902, Caiti Morgan: +64 22 370 5144
