Colliers is proud to present to the market this trophy investment of modern construction, underpinned by a long term lease to ASX listed supermarket operator.
The landmark 9,389 sqm site is situated in the heart of the CBD, with three street frontages access and 131 on-site carparks. Constructed in 2019 with a net lettable area of appox. 3,475 sqm boasting a 100% NBS seismic rating.
The property is fully leased to General Distributors Ltd, owned by a subsidiary of Australia’s ASX-listed Woolworths Group. The lease runs for 20 years from 8 May 2019 with a final expiry in 2074 and a net annual rental of approx. $989,748 plus GST.
Supermarket assets of this calibre are highly sought-after, given the security of the tenant and robust industry.
For sale by negotiation
For more information or to arrange an inspection contact:
Benet Carroll
021 028 94537
[email protected]
Hugh Milloy
021 901 390
[email protected]
Please note: all floor areas are approximated only.
Features:
* 20 year lease from May 2019 with renewals through to 2074
* Site Area: 9,389 sqm
* Net Lettable Area: 3,475 sqm (approx.)
* Net Rental: $989,748 + GST p.a.
* 2019 Construction
* 131 carparks on site (approx.)
* Highly coveted supermarket asset backed by ASX-listed supermarket tenant
