Successful Freestanding Coles Supermarket

10 Hope Street, Drouin VIC

Property Highlights

Secure 20 + 10 + 10 Year Net Lease
Trading Well Above Turnover Threshold
Major Melbourne Growth Corridor

Description

+ Coles Group: Blue-Chip $20 billion ASX-listed retailer
+ Net lease with Coles paying usual outgoings including Land Tax
+ Secure 20 year lease plus two x ten year options to 2043
+ Drouin: booming satellite suburb 33kms from metro Melbourne, forecast 90% population growth by 2041^
+ Commanding 4,874 sqm CBD corner site opposite McDonald’s
+ Ample on-site parking plus integrated council parking
+ Significant taxation saving depreciation
+ Net Income: $642,106 pa (projected October MAT)

For Sale by Auction
11 am Wednesday 11 December 2019
River Room, Crown Casino, Melbourne

^forecast.id

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Supermarket
Land Size
4,874 SQM
Building Area
2,106 SQM

Contact Agents

Raoul Holderhead

0413 860 304

Contact Me

Billy Holderhead

0422 817 696

Shaun Venables

0411 860 865

Stay up to date with our latest portfolio auctions & insights