Dominant New Freestanding Coles Supermarket Investment

104 lonsdale street, hamilton vic

Price: On Request

  • Rare Net Lease Structure
  • Immediate Rental Growth
  • High Performer Just 0.66% Off Turnover

Property Details

20 year lease to 2035 plus 2 x 10 year options
New (2015) full line 3,870 sqm store including liquor
High performer just 0.66% off turnover threshold
Coles: Iconic Australian retailer, major 5.8% increase in sales Q1/19
The perfect Landlord lease with Coles paying outgoings, internet sales included, and non-deescalating percentage rent from an early threshold
Outstanding turnover, up 20% since May 2016 and on track for percentage rent prior to settlement
Important 5 yearly base rent reviews – next due May 2020
Superior CBD location with very little threat of new stores
Significant Commercial 1-zoned, 11,584 sqm landholding with 156 at-grade car spaces on title and access to a further 100 integrated spaces
Hamilton: Important commercial service centre servicing 20,000+ trade catchment, geographically protected from competing commercial centres
Net Rent: $1,194,900 pa (Projected Dec 2019 net rent: $1,237,855 pa)

Auction 11am AEDT Wednesday 12 December 2018
River Room, Crown Casino, Melbourne

Featured Details

Current Tenant Tenanted
Gross Building Area 3870 sqm
Land Size 11,584 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: VIC002584

Thank you for showing interest in us.

Contact Details

Office Details

Level 7, 140 Bourke Street, Melbourne VIC 3000

T 03 9613 0400 E

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