CBRE is pleased to offer to the market Duncan’s Liquor, located at 42 Steen Avenue, Wollert VIC for sale via Investment Portfolio Auction 183.

This opportunity has the following key investment highlights:

+ New Five (5) year net lease to Jan 2030 with two (2) further five (5) year options extending to 2040.
+ Duncan’s Liquor: Duncan’s Liquor operates as a network of independent liquor stores that includes a network of 2,900 locations
+ Landlord-favourable fixed 3% annual rent increases, ensuring compounding rental growth.
+ Attractive net lease structure with tenant responsible for all usual outgoings.
+ Brand new construction, offering income tax-saving depreciation benefits.
+ Strong security with three (3) months’ Bank Guarantee plus personal guarantee to the performance of the lease.
+ Exclusive Use: Landlord has covenanted that no other lot within the development will be permitted to operate as a retail liquor store, providing the tenant with a protected trading position.
+ Wollert: a high-growth northern Melbourne corridor experiencing rapid residential expansion with significant infrastructure investment and population growth.
+ City of Whittlesea: One of Victoria’s fastest growing municipalities, underpinned by sustained demand for essential retail services and neighbourhood convenience.
+ Net Income: $34,869 pa* + GST

For Sale by Investment Portfolio Auction
10:30 am AEDT Wednesday 1 April 2026
Garden Room, Melbourne Crown Casino, VIC

Please contact the exclusively appointed team for more information.