NAI Harcourts are proud to be appointed as sole agents to market the freehold asset at 61-63 Edgeware Road, St Albans, Christchurch for Sale by Auction. The modern standalone supermarket property is underpinned by Woolworths NZ branded Fresh Choice Edgeware, located in the highly desirable suburb of St Albans, and benefits from a large and growing suburban catchment just minutes drive to the north of the CBD. The supermarket is a long-established anchor to the vibrant surrounding Edgeware Village community having traded from the site since 1969. Redeveloped new, post the Christchurch earthquakes in 2012, the tenant is committed to continuing its trade from this location with a recently renewed 17 year lease.

Discerning investors will appreciate the rare opportunity on offer to secure a standalone freehold (non-portfolio) supermarket with national brand tenant and strong investment metrics, including built-in annual fixed rent growth and outstanding security of cashflow.

Key Highlights:
- Blue Chip established national brand Supermarket tenant with long term lease
- 1046 sqm (approx) lettable building area on Freehold titles of 2013 sqm (more or less)
- Fronting busy Edgeware Road with 34 on-site carparks and dual access to Cornwall St
- Constructed post Earthquakes in 2012 to 100% NBS
- Net rental of $276,601 with annual built in rent growth and WALT of 14.6 years

Buyers are encouraged to commence their due diligence without delay with our vendor motivated to see a sold sign come Auction day.

For further information, and to arrange viewing contact sole agents Dave Calder or Tim Turner.

To be sold by Auction from 12:00pm, Friday 25th August 2023 (Unless Sold Prior)
NAI Harcourts Auction Room, 128 Hurstmere Road, Takapuna, Auckland

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https://www.harcourtsfiles.co.nz/listings/16PT