Woolworths Regent is offered to market subject to a new 10-year leaseback offering two fixed 5% rental increases upon 5th and 10th anniversaries of lease commencement, in addition to turnover performance being 103% of natural turnover rent thresholds in the year ending February 2025.
The asset is currently returning an estimated net base rent of $1,350,665 per annum (approx), with a new 10-year lease. Based on turnover performance in the year ending February 2025, the asset is achieving 103% of its natural turnover rent threshold.
Owned and occupied by Woolworths since 2014, and further upgraded, refurbished and expanded in 2022, Woolworths Regent reflects a strongly performing, modern Woolworths supermarket. It lies in a prominent position within a growth catchment that has grown 20% in the 10 years to 2024.
The investment fundamentals of Woolworths Regent present highly attractive characteristics. To this accord, we encourage your strong consideration of this investment opportunity.
Woolworths Regent is offered for sale by way of a Deadline Private Treaty campaign, closing Thursday 1 May at 4:00pm NZST (unless sold prior).
Woolworths Gisborne is also available for sale - view the weblisting at www.cbre.co.nz/AKL101462
