Ohakune’s only supermarket has entered the market and is up for sale by tender, closing at 4pm on December 13th.
The supermarket presents an excellent retail investment opportunity. Sitting at the southern end of the Tongariro National Park and close to Mount Ruapehu’s southwestern slopes, the building is placed in a tourism hot spot.
Built in the 1980’s the property sits on a 1809sq meters freehold site with a net lettable area of 955sq meters, and holds a 75 percent New Build Standard seismic rating. There is almost two years remaining on the current lease, with two rights of renewal of six years each following.
The building is currently under a long lease with New World, providing security for any investor. The supermarket would provide a unique investment opportunity for anyone interested, and sits in the heart of New Zealand’s carrot capital.