PHOTO: SUPPLIED Countdown Aotea at Papakowhai, in the Porirua district, was developed fairly recently by Woolworths New Zealand and opened in 2017.
Giant supermarket operator Woolworths New Zealand has put its Papakowhai and Orewa supermarket properties on the market as it reports surging sales at the checkout.
The Australian-owned and listed supermarket business, which owns the Countdown branded supermarkets in New Zealand, has earmarked for sale the Coundown supermarket buildings and land at Orewa, north of Auckland, and likewise Countdown Aotea at Papakowhai in the Porirua district of Wellington.
The freehold land and buildings have new 10-year leasebacks to Countdown with rights of renewal to extend Countdown’s occupation until 2080.
The two can be bought individually or together. They have a total net income of more than $2 million. The deadline for the sale by tender is August 6 with Bayleys marketing the supermarket properties.
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