Collectives Diversified LP

262-266 Cameron Road, Tauranga

Projected Return

6.01% per annum average over three years*.

Annual Net Rent Circa

$1,230,245 +GST

Combined WALT

5.8 Years

Acquisition Date

June 2025

Projected Return

6.01% per annum average over three years*.

Annual Net Rent Circa

$1,230,245

Combined Walt

5.8 Years

Acquisition Date

June 2025

Located on the high-profile corner of Cameron Road, First Avenue and Second Avenue, this property comprises three predominantly single-level retail buildings with three road frontages and carparking. Home to well-established national brands, it also offers future development potential.

Tenants:

Animates – A leading pet care retailer offering vet services, grooming, and pet products. Owned by Petbarn Pty Ltd (Australia) and Masterpet Corporation Ltd (NZ), part of the NZX-listed Ebos Group. Occupying the site since 2004.
• Noel Leeming – A top technology and appliance retailer, owned by NZX-listed The Warehouse Group Ltd. Operating here since 2003.
• Elite Fitness – One of New Zealand’s largest fitness equipment retailers, established in 1993, with 11 stores nationwide. On-site since 2010.
• Chemist Warehouse – A major pharmacy retailer, owned by Australian-based Chemist Warehouse Group. Currently operating 57 stores in New Zealand. New to the site in 2023.

This asset offers national tenants with fixed growth and potential for the future in a prime Tauranga location.

*Based on forecast modelling and may be subject to change. Further financial information will be provided in the Due Diligence information.

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