** SOLD **
Gross Waddell ICR is excited to offer for sale Woolworths Centre Colac, a fully leased shopping centre anchored by a long-standing Woolworths Supermarket and occupying a prime central CBD locale within a bustling catchment.
• Thriving shopping centre anchored by Woolworths and supported by 6 specialty tenancies
• 84.29%* of the centre leased to Woolworths Limited: an ASX-giant with over 1,110 stores* nationally
• Additional 6 well-established specialty tenancies including EG Ampol, Bakers Delight and Blooms The Chemist
• Estimated net income of $1,262,901 per annum*
• Full-line Woolworths (inc. BWS) on a rare ‘Triple Net Lease’
• Strong trading supermarket with upwards sales projections forecast and genuine future rental growth via refurbishment or future development (STCA)
• Irreplaceable and highly exposed central CBD island site residing on over 11,790 sqm* of C1Z land
• 159* at grade car parks providing easy customer access
• Dynamic trade catchment area and positioned amongst major retailers including Aldi, Coles, Bunnings, Kmart, and Best & Less
• Potential stamp duty savings of 50%
Woolworths Centre Colac is being offered for sale via an Expressions of Interest campaign, closing at 3:00pm on Thursday 7th March 2024. To obtain further information or to arrange an inspection, please contact the team at Gross Waddell ICR directly.
*Approx.
