Mountain town’s sole supermarket
Ohakune’s only supermarket is for sale with a long lease to New World, presenting an affordable opportunity to acquire a superbly tenanted retail investment in a popular tourism spot.
Colliers International is marketing 12-14 Goldfinch St for sale by tender, closing at 4pm on December 13.
Broker Dan Walker says the property services the steady stream of tourists who flock to Ohakune yearround.
“The township is the southern gateway to Tongariro National Park and the Mt Ruapehu ski fields of Whakapapa and Turoa,” says Walker.
“The property occupies an enviable retail niche as the only full-format supermarket in Ohakune. It offers an affordable opportunity to become landlord to a blue-chip tenant in popular tourism destination.
Built in the 1980s, the wellmaintained property offers a net lettable area of 955sq m on a 1809sq m freehold site. New World occupies the premises on a 12-year lease to parent company Foodstuffs North Island Limited.
Almost two years remain on the current lease, followed by two rights of renewal of six years each. The property returns $168,703 of net annual rental income.
Market rental reviews take place every two years.
New World also leases a neighbouring property with 36 car parks at
18 Goldfinch Ave. That lease expires in
2035.
The Commercial-zoned property for sale has a satisfactory 75 per cent NBS seismic rating.
Founded in 1963, New World is part of Foodstuffs’ two regional cooperatives of independently owned and operated supermarkets. There are 140 New World supermarkets across New Zealand.
Foodstuffs’ regional cooperatives also comprise owner-operated Pak’nSave supermarkets and Four Square convenience stores.
Ohakune is about 292km south of Auckland and 215km north of Wellington. It is 70km northeast of Wanganui and 25km west of Waiouru.
The township sits at the southern end of the Tongariro National Park, a Unesco World Heritage site, and close to Ruapehu’s southwestern slopes.
In winter, it attracts throngs of skiers and snowboarders to Whakapapa and Turoa, which together form the largest ski area in New Zealand.
In summer, tourist attractions include mountain treks, canoeing on the Whanganui River and mountainbiking. Ohakune is also New Zealand’s carrot capital — as celebrated by its famous giant carrot sculpture.