3 Moenui Avenue, Orewa, Rodney

Featuring an ASX and NZX listed tenant covenant on a new long term lease, Countdown Orewa really is the perfect bottom drawer, passive investment. 

Returning $1,241,392 pa, with approximately 9 years remaining on the current term and rights of renewal to 2081, Countdown Orewa is one of the most secure, long term investment opportunities currently available in New Zealand. Countdown is a fully owned subsidiary of the Woolworths Group who have over 1,064 stores across Australasia and employ over 190,000 staff. In FY21, they generated over $55.7 Billion in sales which was an 11.1% increase from FY20. 

Positioned on a large, 9,380sqm Business Town Centre Zoned block, spread over nine freehold titles, the site is metres away from popular Orewa Beach and centrally located within an established catchment. 

Do not miss out on this incredible opportunity- call either of the Sole Agents now for further detail, or to register your interest. 

Features:

* Net Passing Income $1,241,392 pa + GST

* 10 Year Lease from April 2021

* Final Lease Expiry in April 2081

* ASX & NZX Listed Tenant Covenant

* 9,380sqm Business - Town Centre Zoned Land

* Nine Freehold Titles - over 200m Road Frontage

* 4,089sqm Net Lettable Area + 145 Car Parks

* Grade A+ 100% Seismic Rating

* Extensively refurbished in 2014

* Sole Agency - Don't miss out!