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Coles, 101-107 East Street, Narrandera, NSW, 2700
Narrandera
Jones Real Estate is privileged to present Coles, 101-107 East Street, Narrandera to the market, For Sale via Private Negotiation.
Presenting a rare opportunity to acquire a freestanding supermarket on an irreplaceable 5,606sqm* Village Zoned (RU5) landholding, with 54 car parks and 242m* of frontage to East St, Bolton St, Charles St and ROW, in the heart of Narrandera's shopping precinct.
Offering a highly sought after brand new 10-year lease, returning a base rental of $464,503.46** + turnover rent per annum plus GST & Outgoings. This generational asset in NSW's regional epicentre is future proofed for many years to come.
Key highlights of this trophy investment include:
- Net lease to ASX listed powerhouse, Coles Group Limited, a top ASX listed company with a market capitalisation of $23 Billion, trading as Coles and Liquorland^.
- Coles is one of Australia's leading retailers with an extensive national footprint of 1,800 supermarkets and liquor stores^.
- Rare net lease structure with the tenant paying 100% of the building outgoings, including land tax.
- Year 1 projected rental of $494,276.42*** per annum plus GST & Outgoings.
- Brand new 10-year lease until 2034 with options through to 2054 following a 15-year initial term already completed.
- Freestanding supermarket offering 5,606sqm* of land area, boasting a combined street frontage of 242m* to East St, Bolton St, Charles St and ROW, whilst located within the regional heartland of NSW between Wagga Wagga and Griffith.
- 100% leased to Coles Group Limited trading as Coles and Liquorland with an NSA of 2,119sqm*.
- Opportunity to target a defensive income stream with proven resilience during economic uncertainty.
*APPROX.
**ESTIMATE USED FOR FINAL YEAR OF PERCENTAGE RENT, BASED ON SALES AVERAGES FROM APR23 - FEB24 (11 MONTHS) – NOT TO BE RELIED UPON.
***AVERAGE OF PRIOR 3 YEARS TURNOVER RENT PLUS ANTICIPATED BASE RENTAL - NOT TO BE RELIED UPON.
^SOURCE: COLES GROUP
For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.
Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.
Remember to mention you found this property on CommercialReady
Jones Real Estate is privileged to present Coles, 101-107 East Street, Narrandera to the market, For Sale via Private Negotiation.
Presenting a rare opportunity to acquire a freestanding supermarket on an irreplaceable 5,606sqm* Village Zoned (RU5) landholding, with 54 car parks and 242m* of frontage to East St, Bolton St, Charles St and ROW, in the heart of Narrandera's shopping precinct.
Offering a highly sought after brand new 10-year lease, returning a base rental of $464,503.46** + turnover rent per annum plus GST & Outgoings. This generational asset in NSW's regional epicentre is future proofed for many years to come.
Key highlights of this trophy investment include:
- Net lease to ASX listed powerhouse, Coles Group Limited, a top ASX listed company with a market capitalisation of $23 Billion, trading as Coles and Liquorland^.
- Coles is one of Australia's leading retailers with an extensive national footprint of 1,800 supermarkets and liquor stores^.
- Rare net lease structure with the tenant paying 100% of the building outgoings, including land tax.
- Year 1 projected rental of $494,276.42*** per annum plus GST & Outgoings.
- Brand new 10-year lease until 2034 with options through to 2054 following a 15-year initial term already completed.
- Freestanding supermarket offering 5,606sqm* of land area, boasting a combined street frontage of 242m* to East St, Bolton St, Charles St and ROW, whilst located within the regional heartland of NSW between Wagga Wagga and Griffith.
- 100% leased to Coles Group Limited trading as Coles and Liquorland with an NSA of 2,119sqm*.
- Opportunity to target a defensive income stream with proven resilience during economic uncertainty.
*APPROX.
**ESTIMATE USED FOR FINAL YEAR OF PERCENTAGE RENT, BASED ON SALES AVERAGES FROM APR23 - FEB24 (11 MONTHS) – NOT TO BE RELIED UPON.
***AVERAGE OF PRIOR 3 YEARS TURNOVER RENT PLUS ANTICIPATED BASE RENTAL - NOT TO BE RELIED UPON.
^SOURCE: COLES GROUP
For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.
Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.
Remember to mention you found this property on CommercialReady
Coles, 101-107 East Street, Narrandera, NSW, 2700
Secure/no obligation
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Yield Calculator
Yield Calculator
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Full report
Please see your Loan Analysis below. The report has been emailed to you, as well as DIG Capital Advisory and the Listing Agent to follow up if needed.
Loan Analysis
