27-39 Nelson Street & 13-19 Union Street, Hawera, South Taranaki, Taranaki

Colliers is proud to be presenting a premium commercial property to market, featuring a multi-tenanted investment with a WALT of 12 years, underpinned by a long-term lease to Woolworths, an ASX-listed tenant.    Situated in the heart of Hawera on a prominent 10,266 sqm site over two titles with two stand-alone buildings. The Woolworths Supermarket was constructed in 2019 with a net lettable area of approximately 3,475 sqm, 131 on-site carparks, boasting a 100% NBS seismic rating, and three street frontages.    Leased to General Distributors Ltd, a subsidiary of the ASX-listed Woolworths Group, on a 20-year lease from 8 May 2019 with final expiry in 2074. Complemented by an 877 sqm site developed in 1997, comprising a single-storeyed building accommodating The Ministry of Social Development, which occupies the majority of the building, The Western Institute of Technology and a well-established café. Great lease covenants and long terms, providing a combined net annual return of $1,115,351 plus GST.   Together, these properties represent a rare opportunity to acquire two quality assets in a tightly held market, offering long-term, split-risk income streams backed by essential service tenants   For sale by way Negotiation.   For more information or to arrange an inspection contact: Benet Carroll

021 028 94537 benet.carroll@colliers.com

Please note: all floor areas are approximated only.

Features:

• Anchored by ASX-listed supermarket tenant
• Site Area: 10,266 sqm (approx.)
• Net Lettable Area: 4,352 sqm (approx.)
• Net annual rental: $1,115,351 + GST p.a.
• 100% leased to four quality tenants
• 131 carparks on site (approx.)
• Prime CBD location
• A grade seismic rating on both buildings
• 12 year WALT

More information: https://www.colliers.co.nz/p-NZL67034004