JLL Retail Investments has the exclusive privilege of offering for sale Woolworths Drouin Central, a strong performing neighbourhood shopping centre designed for convenience.
Woolworths Drouin Central is anchored by a strong performing Woolworths Supermarket, which accounts for 80% of the assets income, and is currently paying percentage rent, positioning the asset for superior growth.
The centre is situated on a prominent landholding in the centre of Drouin, and is the only full-line supermarket within the Main Trade Area.
Drouin is located 87* kilometres south-east of the Melbourne CBD, just outside of Metropolitan Melbourne, less than 30 minutes from the suburb of Pakenham.
Key details of the opportunity include:
+ Strong Performing Woolworths - Full-line supermarket paying percentage rent
+ High Growth Location – Booming population growth (2.1% Y.o.Y till 2041^) nearly double the Australian average
+ Dominant Offering - Located at the centre of a rapidly expanding catchment, and the only full-line supermarket in the Main Trade Area
+ Defensive Income Profile – Providing a net income of $1.2 million* of which 77%* is underpinned by Woolworths
+ Metro Melbourne Fringe Location – Potentially eligible for Victoria’s recent 50% stamp duty concession for commercial property
*Approx.
^LocationIQ Report – October 2023
‘Woolworths Drouin Central’ is For Sale by Expressions of Interest closing Thursday 23 November 2023 at 3pm (AEDT)
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, JLL:
Stuart Taylor
Tom Noonan
MingXuan Li 李名 轩
