Woolworths Patterson Lakes, 102-114 Gladesville Boulevard, Patterson Lakes, VIC, 3197

Gross Waddell ICR in conjunction with Ray White Retail is pleased to exclusively offer for sale Woolworths Patterson Lakes, an exceptional supermarket investment positioned within the established Lakeview Shopping Centre.

The opportunity provides investors with the chance to acquire a single-tenanted supermarket investment securely leased to Woolworths, one of Australia’s largest supermarket operators, in an established and tightly held south-eastern Melbourne location.

The investment presents a highly attractive “set and forget” ownership proposition, underpinned by a single national tenant and a rare Net Lease structure, with Woolworths responsible for all property outgoings.

Positioned within Lakeview Shopping Centre, the property benefits from an established retail offering and strong surrounding residential catchment, with Woolworths serving as an essential everyday retail destination for the local community.

Investment Highlights

• $926,100 p.a.* net income, securely underpinned by Woolworths Group Ltd (ASX:WOW)

• Single-tenanted supermarket investment, providing a simple and highly passive ownership structure

• Rare Net Lease structure, with Woolworths responsible for all property outgoings, including land tax

• Minimal management requirements, providing an attractive “set and forget” investment proposition

• Long-term lease, providing income security and certainty

• Fixed rental increases, increased every 5 years to the greater of 5% or the aggregate of the turnover rent during the 2 years proceeding the review date

• Major supermarket anchor within the established Lakeview Shopping Centre

• Highly functional building of approximately 2,607m²

• Established and tightly held Patterson Lakes location, surrounded by a strong residential catchment

• Rare opportunity to acquire a Woolworths supermarket investment within Melbourne’s established south-eastern suburbs

The property is to be offered for sale via Expressions of Interest closing Thursday 12th November 2026 at 3pm.

For further information, please contact the team at Gross Waddell ICR or Ray White Retail.

*Approx.

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