Dominant Freestanding ASX Listed Coles Group Liquor & Fast Food Investment

Description

Burgess Rawson is pleased to offer to the market Liquorland (Coles Group) & Domino’s Warrawong located at 67 Cowper Street, Warrawong (Wollongong) NSW for sale via our Investment Auction Portfolio 170.

This opportunity has the following key investment highlights:

+ Renewed 6 year lease to Liquorland to 2027 plus option to 2033
+ Liquorland: dominant liquor retailer with a national network of 743+ stores owned by ASX listed Coles Group
+ Coles Group: one of Australia’s largest and most iconic retailers, with more than 2,400 outlets across their portfolio of Australian supermarkets, liquor and convenience stores
+ 7 year lease to Domino’s to 2029 plus options to 2039
+ Domino’s: multinational ASX listed fast food giant, market cap of $3.86B*, 18,000+ locations worldwide
+ Favourable mix of CPI and fixed 3.5% annual rent increases
+ Landlord favourable lease structure with 74% of outgoings recoverable from Liquorland (Coles Group)
+ Substantial 2,906sqm* freehold landholding with 53m* of frontage to Cowper Street, within the brand new nationally tenanted Bayview Centre neighbouring McDonald’s, Hungry Jacks, Starbucks, Oporto, Amart, Beacon Lighting, JB Hi-Fi, Pillow Talk, Supercheap Auto, Road Tech Marine, Trek & AutoBarn.
+ Bayview Centre: premium fast food, liquor and large format retail centre completed in 2023, opposite the third largest Shopping centre in the Wollongong LGA, Warrawong Plaza
+ Recently refurbished 655sqm* building, offering depreciation benefits and immaculate tenant fit-out
+ 22 on-site car parks, amongst The Bayview Centres 312 on-grade car parks
+ Highly exposed to a combined 77,000+ vehicles passing daily
+ Warrawong: highly sought-after location in NSW’s booming South Coast, 8km* to Wollongong & 12km* to Shellharbour
+ Net Income: $324,217 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEST Tuesday 6 August 2024
Yallamundi Rooms, Sydney Opera House

Also available as part of Burgess Rawson’s August Portfolio Auction.

– McDonald’s Warrawong
– Hungry Jack’s Warrawong
– Starbucks Warrawong
– Oporto Warrawong

Please contact the exclusively appointed sales team for more information.

Enquire

Contact agents
Yosh Mendis Head of Agency | Partner
0434 413 188
Geoff Sinclair Director
0451 462 759
Rhys Parker Partner
0451 101 042
Enquiry Form

Warrawong, NSW

67 Cowper Street

For Sale by Portfolio Auction
Tuesday 6th August 10:30AM Yallamundi Rooms, Sydney Opera House

This property is part of Portfolio 170

Price: Contact Agent

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