CBRE is pleased to offer to market ‘FoodWorks’ Doreen VIC for sale via National Portfolio Auction 182.

The property has the following key investment highlights:

+ Ten (10) Year lease from January 2023 to January 2033 plus Three (3) further Five (5) Year options to January 2048.
+ FoodWorks: Australia’s second largest independent supermarket with over 400 stores Australia-wide, supporting in excess of $2 billion in annual sales at the retail level.(2)
+ Manna-Foods: established and successful independent supermarket operator with over 30 years experience with six (6) stores and growing, including Doreen, East Keilor, Werribee, Hoppers Crossing, Altona and Grantville.
+ Prime 388sqm* clear span supermarket with complete grocery, liquor offering plus deli and delivery, open 7 days a week.
+ Anchor tenant in ‘Vantage Central’ neighbourhood retail centre supported by three complimentary food shops and directly fronting 15 public car parks.
+ Tenant pays all usual outgoings as per the lease excluding land tax.
+ Annual fixed, compounding 3% rent increases, ensuring continued rental growth.
+ Lease secured by a 6 month’s rent plus outgoings Bank Guarantee plus one Personal Guarantee.
+ New build at the commencement of the lease, providing significant tax saving depreciation benefits.
+ Strategic corner position surrounded by new homes (median price up 5.1% to $790,000)(3) and only 1.2km* from Mernda Railway Station plus moments to Ivanhoe Grammar Plenty Campus, Hazel Glen College & St Paul Primary School.
+ Direct access to major arterials Bridge Inn Road (350m*) and Plenty Road.
+ City of Whittlesea: one of Australia’s fastest growing LGA’s, forecast to grow in population by 55% to 382,000 residents by 2041.(4)
+ Net Income: $139,804.51 pa* + GST

For further information, please contact the exclusive selling agents below:

DAVID NAPOLEONE
0417 308 067
david.napoleone@cbre.com

SAM MERCURI
0413 830 709
sam.mercuri@cbe.com

*Approx
(2)Mumbrella/Australian United Retailers
(3)RealEstate.com.au
(4)forecast.id