Secure a supermarket on the Great Thermal Highway
Modern supermarket building with extensive car parking on a key arterial route is a brilliant addition to any property portfolio.
JLL agents have been appointed to bring 350 Great South Road, Huntly to market. Currently operating as a Countdown with attractive potential returns on a prominent freehold site, this is a great opportunity to invest in a burgeoning region with plans for enormous growth in the coming years. This property is now on the market for sale by way of Deadline Private Treaty, closing 4pm Thursday 27th October 2022.
350 Great South Road, Huntly features a 3,964sqm modern supermarket building and associated facilities (office, food preparation, storage, and canopy load-out area) on 9,764sqm of freehold land with ample car parking for site visitors. Countdown Huntly is the only supermarket in town, and services a wide catchment area of rural services and residential suburbs including Ngāruawāhia and Horotiu, as well as the new Sleepyhead development at Ohinewai that is forecast to house approximately 3,000 people.
JLL has been exclusively appointed to market 350 Great South Road, Huntly for sale by way of Deadline Private Treaty, closing 4pm Thursday 27th October 2022 (unless sold prior).
JLL Metro Sales Associate Director Jason Armstrong says the nature of the bulk retail sector in New Zealand makes opportunities like 350 Great South Road, Huntly attractive options for the astute investor.
“The nature of the bulk retail sector makes it one of New Zealand’s most sought-after asset classes, especially in locations on particularly strategic routes such as the Great Thermal Highway,” says Armstrong. “Being designated an essential service during recent lockdowns solidified bulk retail as low risk in nature, highlighting its strength as a defensive investment.”
Beyond the sector’s strengths, JLL Metro Sales Associate Director Alex Wefers suggests the tenancy over the coming decades combined with lucrative annual returns makes this investment opportunity too good to ignore.
“The tenancy for Countdown Huntly, operated by General Distributors Limited, commenced in 2011 with a 20-year term – there are eight rights of renewal of five years to be optioned, meaning potential final expiry in December 2071,” says Wefers. “Combine a secure tenancy with estimated annual returns of $681,203 and you have a sound investment for the next five decades as you strategise the next opportunity for your property in this booming region.”
An established, successful tenancy operating as part of a highly sought-after sector, on 9,764sqm of freehold land on the Great Thermal Highway, makes 350 Great South Road, Huntly a secure addition to any property portfolio with an eye to the future.
Interested parties should contact the sole agents for more information.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of June 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.