INTERGENERATIONAL COLES SUPERMARKET INVESTMENT IN A PRIZED INNER MELBOURNE METROPOLITAN LOCATION
***OFFERS UNDER REVIEW***
Gross Waddell ICR is privileged to present this opportunity to purchase Coles Bentleigh, an intergenerational investment to one of Australia’s most secure tenant covenants, being Coles.
Located within a bustling inner metropolitan catchment, Coles Bentleigh occupies one of the most central and significant landholdings along Centre Road retail precinct.
- A super prime supermarket investment leased to a world class single covenant offering a rare triple net lease
- Coles Bentleigh is a longstanding supermarket with an exceptionally strong trading performance
- Strong income profile with a base rent of $984,619 net per annum*
- Secure lease fundamentals with a 10 + 10 year lease expiring 2038 (inc options)
- Irreplaceable triple street fronted landholding of 3,388 sqm* within the heart of a bustling retail village and favourably zoned C1Z
- Surrounded by an abundance of at-grade council car parks
- Unparalleled value-add or future mixed use development potential post lease expiry (STCA) with towering surrounding height precedents
- Outstanding locale, neighbouring Bentleigh train station and a plethora of national retailers and trendy cafes, restaurants and fashion boutiques
- Affluent and high demand catchment with a median house price in excess of $1.7 mil (source REIV)
Coles Bentleigh is offered for sale via an International Expressions of Interest closing Wednesday the 10th of April 2024 at 3pm. To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Gross Waddell ICR.
*approx.
Remember to mention you found this property on CommercialReady
