174 Courtenay Street, New Plymouth, Taranaki Woolworths investment with net lease

Available PropertyFiles:

  • Information memorandum.zip
  • LIM report.zip
  • Lease Agreements.zip
  • Record of title.zip
  • Redevelopment Agreement.zip
  • Title interests.zip
  • WOOLWORTHS NP SEISMIC UPGRADE TO 80% NBS.zip

Property Description

• 3,760sqm Woolworths supermarket in prominent CBD location
• High-profile three-frontage site including Courtenay and Leach Streets
• Returning $790,000pa net + GST with market rental growth and future add-value potential

This well-positioned Woolworths supermarket sits on a strategic corner on the eastern fringe of New Plymouth’s CBD, offering strong exposure to Courtenay and Leach Streets – two of the city’s main arterial routes.

The property has a conventional supermarket layout with bakery, delicatessen, and seafood departments, supported by storage, offices, and a covered loading area. There are 100 basement spaces and 54 on-grade spaces at the front, and shared customer parking with the neighbouring McDonald’s.

This is a prime strategic supermarket investment anchored by one of New Zealand’s most trusted retail brands.

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Terms of Supply

The following information has been supplied to Bayleys Real Estate Limited (“Bayleys”) to be made available to any prospective interested parties for general information purposes only.

Bayleys and the Vendor do not warrant the accuracy or completeness of the information and recommends that all recipients make their own enquiries to their satisfaction in all respects and seek their own independent expert advice.

Contact Sunil Bhana

Bayleys Real Estate Limited

Licensed under the REA Act 2008

09 375 8438   021 938 660   sunil.bhana@bayleys.co.nz   All Listings

Sunil has been with Bayleys for over 20 years and his personable approach and hard working attitude has led to the conclusion of a significant number of transactions over the years, in both buoyant and difficult markets.

Sunil manages and leads Bayleys South Auckland, a high-performing and experienced Commercial and Industrial team of over 26 people who work together to ensure the best client outcomes are achieved. He also transacts in commercial, industrial, capital markets and special projects across the country, utilising Bayleys’ national network and collaborating with agents on the ground.

Sunil is motivated, results oriented, and provides a professional approach to property marketing, possessing the attention to detail essential to the smooth running of a campaign.

Consistently featured amongst Bayleys’ top performing agents and regularly positioned in the top 10% of Bayleys salespeople nationally, Sunil’s contribution and commitment to the company is also acknowledged through his multitude of awards, including the Bayleys Way Award which recognises impeccable client service and staff determination to be the best at what they do.


Contact Mike Houlker

Bayleys Real Estate Limited

Licenced under REA 2008

09 375 8437   021 945 927   mike.houlker@bayleys.co.nz   All Listings

Mike Houlker is one of New Zealand’s most experienced and successful commercial and industrial real estate salespeople.

His involvement in several billion dollars’ worth of sales and leasing transactions means he has consistently been one of Bayleys' top-performing salespeople for almost four decades. He has also received independent recognition, being awarded “Real Estate Institute of New Zealand (REINZ) National Commercial and Industrial Salesperson of the Year” three years in a row.

Since joining Bayleys in 1986, Mike Houlker has had roles in sales and management in Wellington, Sydney and Auckland. His ‘cut-to-the-chase’, plain language, practical approach to all property matters has gained him not only respect in the industry, but also huge repeat and referral business.

As an integral part of the Bayleys’ commercial and industrial team in Auckland, Mike also works with Bayleys’ wider agency network across all of New Zealand and project manages a large number of national and international marketing campaigns on behalf of Bayleys’ clients. A selection of recent sales are below.

Mike is also the Head of Bayleys Funds and Investment Products Division, that he was involved in establishing in 2001, and is qualified as a financial advisor. Bayleys provides investors opportunities to access premium, high-yielding property offerings across the commercial, industrial, healthcare, and agricultural property sectors with forecast returns paid monthly. Access to ‘value-add’ fund opportunities, and debt offerings with fixed terms and higher projected IRRs are also available. With a very wide range of clients, investment amounts range from the minimum ($10,000) through to many millions spread across multiple offerings.

Working in conjunction with one of Australasia’s leading and largest property fund managers, the ASX200 listed Centuria Capital, Mike has project managed the marketing and sales of around 70 property funds with a total combined property value in excess of $2.5 billion.

To learn more about Bayleys Funds and Investment Products Division and the current investment opportunities, please visit bayleys.co.nz/funds or contact Mike.