Ad ID: 60530
Fully Leased Retail for Sale WhanganuiEnquire about this "Fully Leased Retail for Sale Whanganui" property on nzcommercial
Retail - Fully Leased With Two Retail Anchors
100 Taupo Quay
Deadline Private Treaty
Commercial Property for Sale Description
Fully Leased Retail for Sale Whanganui 100 Taupo QuayCBRE New Zealand is proud to present Trafalgar Square Shopping Centre for sale. Trafalgar Square is conveniently positioned in central Whanganui with excellent arterial roading connections. The centre is situated on the prominent corner of St Hill Street and Taupo Quay and runs parallel to the Whanganui River.
Trafalgar Square is a sub-regional shopping centre which is anchored by The Warehouse and Countdown, and supported by 21 specialty and large format tenancies. The property is improved with a single level shopping centre which has undergone periodic refurbishment since it opened in 1989, with significant upgrade works to both the interior and exterior in 2014.
The Centre sits on a 26,348sqm site which is bound by Taupo Quay, St Hill Street, Ridgeway Street and Wilson Street. The Centre provides on-site car parking for approximately 460 vehicles including 197 basement car parks located beneath The Warehouse. The property is well located within the established provincial township supported by the surrounding residential and wider rural based catchment.
Trafalgar Square is 100% leased and has a weighted average lease term (WALT) by income of 7.7 years (excluding a small area of rental underwrite). This offering presents a rare opportunity to acquire an established and proven sub-regional shopping centre providing a diversified income stream and anchored by two retailing giants.
CBRE strongly recommends your consideration of this outstanding retail investment. For further information, please contact one of the nominated brokers below.
Key investment highlights:
* Diversified income stream (23 tenants)
* The Warehouse and Countdown as anchors
* 460 car parks (on-grade and basement)
* 14,775sqm net lettable area (approx.)
* High profile location
* 26,348sqm freehold land
* Seismic IEP Rating of 100% NBS
* Long WALT 7.7 years (by income)
For Sale by Deadline Private Treaty, closing Wednesday 17 May at 4pm (unless sold prior).
Interested In This Opportunity?