+21 Photos

SOLD

Woolworths Maryborough, 34-36 Tuaggra Street, Maryborough, VIC, 3465

Properties / Sold / Victoria / Maryborough

Tenanted Investment

1. Property Summary

Selling Method

Expression of Interest

Selling Details

via EOI closing 3PM (AEDT), Thursday 16 Nov 2023

Land Area

9,699 m² (*approx)

Floor Area

4294 m² (*approx)

Property Type

Retail

Sub-type

Shopping Centre

Terms

24-year lease

Est. Income

$944,215 p/a

Fully Leased

Woolworths Group Limited

Car Spaces

159

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2. Property Highlights

Dominant Freestanding Woolworths with Rare Net Lease

First time offered
Tenant undertaking $9m refurbishment
Initial term percentage rent forecast

Savills Retail Investments team are excited to present for sale this generational investment opportunity and just the third full-line supermarket offered in Victoria this year.

Investment highlights include:

- High performing standalone supermarket undergoing $9m tenant refurbishment

- Secured by an unrepeatable 24-year lease to Woolworths Group Limited

- Highly sought-after 'net' lease

- Ultra-rare fixed rental increase of 10% at first option, guaranteeing growth

- Full-line supermarket of 4,294sq m* with brand new Direct to Boot facility

- Substantial site area of 9,699sq m* with 159 car bays on title

- Percentage rent forecast during initial term

- Important 50% Stamp Duty Savings

- Woolworths Limited: ASX-giant with 1,112 stores nationally and market cap of $45.26b.

- Net Income: $944,215pa*

*Approx.

For Sale via Expressions of Interest closing 3pm (AEDT), Thursday 16 November 2023.

Remember to mention you found this property on CommercialReady

Property Type

Retail

Sub-type

Shopping Centre

Est. Income

$944,215 p/a

Tenant

Woolworths Group Limited

Terms

24-year lease

Land Area

9,699 m² (*approx)

Floor Area

4294 m² (*approx)

Car Spaces

159

Selling Method

Expression of Interest

Selling Details

via EOI closing 3PM (AEDT), Thursday 16 Nov 2023

2. Property Highlights

Dominant Freestanding Woolworths with Rare Net Lease

First time offered
Tenant undertaking $9m refurbishment
Initial term percentage rent forecast

Savills Retail Investments team are excited to present for sale this generational investment opportunity and just the third full-line supermarket offered in Victoria this year.

Investment highlights include:

- High performing standalone supermarket undergoing $9m tenant refurbishment

- Secured by an unrepeatable 24-year lease to Woolworths Group Limited

- Highly sought-after 'net' lease

- Ultra-rare fixed rental increase of 10% at first option, guaranteeing growth

- Full-line supermarket of 4,294sq m* with brand new Direct to Boot facility

- Substantial site area of 9,699sq m* with 159 car bays on title

- Percentage rent forecast during initial term

- Important 50% Stamp Duty Savings

- Woolworths Limited: ASX-giant with 1,112 stores nationally and market cap of $45.26b.

- Net Income: $944,215pa*

*Approx.

For Sale via Expressions of Interest closing 3pm (AEDT), Thursday 16 November 2023.

Remember to mention you found this property on CommercialReady

Woolworths Maryborough, 34-36 Tuaggra Street, Maryborough, VIC, 3465 Maryborough

Savills Melbourne

80, Collins Street, Melbourne, Victoria, Australia, 3000

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Stephen Bolton

+61 *** *** *** show +61 419 323 997

Rick Silberman

+61 *** *** *** show +61 432 831 511

Industrial

Retail

Child/Healthcare

Hotel/Leisure

Offices

Farming

Other

Woolworths Maryborough, 34-36 Tuaggra Street, Maryborough, VIC, 3465