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Dominant New Freestanding Coles Supermarket Investment

104 Lonsdale Street, Hamilton VIC

Property Highlights

Rare Net Lease Structure

Immediate Rental Growth

High Performer Just 0.66% Off Turnover

Description

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

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Supermarket
Land Size
11,584 SQM
Gross Building Area
3,870 SQM

Contact Agents

Shaun Venables

+610 411 860865

Billy Holderhead

0422 817 696

Zomart He

+610 488 220830

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