Rare Freestanding Metropolitan Coles Supermarket

260 sandy bay road, sandy bay tas

Price on Request

  • Prestigious Hobart catchment
  • Proven Performer Set for Growth
  • Recent $2.2M upgrade

Property Details

Secure 10+ year lease plus 10 year option through Dec 2038.
Coles: Wholly owned subsidiary of Wesfarmers Limited, ASX listed giant with Market Capitalisation of $46.2 billion.
Proven trader: Sales constantly above turnover threshold and growing at an average of 5.44% pa since 2013.
Base and percentage rent consolidation every 5 years, next due December 2018.
Significant 2,729 sqm store, upgraded in summer 2017/18 to Coles requirements.
Strategic 4,065 sqm corner site with 100 on-site car spaces and seamless integration to adjoining McDonald’s car park.
Located in Tasmania’s most prestigious catchment of Battery Point and Sandy Bay, adjoining the Hobart CBD.
Important homebound side location within Sandy Bay's retail village.
Substantial capital allowance and depreciation tax benefits.
Net passing income: $728,000 pa (actual December 2017).
Forecast net income: $787,000 pa (December 2018).

For Sale by EOI Closing 4pm Thursday 22 March 2018

Featured Details

Current Tenant Tenanted
Gross Building Area 2729 sqm
Land Size 4,065 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: VIC001918

Thank you for showing interest in us.

Contact Details

Office Details

Level 7, 140 Bourke Street, Melbourne VIC 3000

T 03 9613 0400 E reception@burgessrawson.com.au

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