Retail for Sale Christchurch

Retail - Countdown Supermarket Anchored Investment

Commercial Property for Sale Description

Retail for Sale Christchurch 121 Carters Road

A rare opportunity to acquire a supermarket tenanted investment in a strong regional centre designed to capture high traffic volumes along State Highway 1.

Brackenfields Shopping Centre is anchored by supermarket giant, Countdown, providing outstanding security of cashflow with a term of 8.6 years remaining.

The centre comprises 5,790sqm of lettable area on a large 27,021sqm site which fronts State Highway 1 (Carters Road) with additional dual access off Amberley Beach Road. The overall car parking provisions are excellent and well above the market average for shopping centres, having space for 383 vehicles.

Built in 2014, the centre pertains a seismic rating of 100% NBS.

Key features include:

+ Anchored by long term supermarket lease
+ Blue chip tenant covenant - Countdown (Woolworths subsidiary)
+ High quality post-EQ build
+ Near exclusive growth catchment
+ High profile - State Highway 1
+ Further development opportunity
+ Fully leased NOI: $1,335,502pa (estimated)

For sale by way of Deadline Private Treaty with offers to be submitted to CBRE, the exclusive agents, no later than Thursday 5 November 2020 at 4.00pm (unless sold prior).

For further information on this outstanding investment opportunity, please contact Tim Rookes or Cameron Darby.