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Coles, 10 Hope Street, Drouin, Vic 3818

Coles, 10 Hope Street, Drouin, Vic 3818


  • Sold Contact Agent
  • Wed 14-Sep-16

Affordable Freestanding Coles - Rare Net Lease

  • 20 + 10 + 10 Year Lease to 2043
  • Super Successful Store
  • Boom Growth Locality Close to Melbourne

  • Land Area
  • 0.49ha (1.20 acres) (approx)
  • Floor Area
  • 2,106 m²
  • Tenure Type
  • Tenanted Investment
  • Last Updated
  • Nov 15, 2016

Interested in this property? Contact an Agent today

Burgess Rawson - Melbourne

Level 7,140 Bourke Street

Melbourne Vic 3000

Shaun Venables
Raoul Holderhead

Affordable Freestanding Coles - Rare Net Lease

Secure 20 + 10 + 10 year lease through to 2043.
Coles: A division of Wesfarmers (ASX top 10).
Well designed & maintained building with all usual departments including liquor.
Net Lease: Coles pays all usual outgoings including land tax.
Successful supermarket trading well above percentage threshold.
Prominent corner site of 4,874 sqm opposite new McDonald's.
Single tenant, easily managed investment.
Drouin/Warragul: Growing satellite suburbs only 33km from metropolitan Melbourne, experiencing a major housing and population boom with forecast growth to 43,000 by 2026.
Substantial income tax saving depreciation.
Net Rent: $527,048 pa.

Interstate and local bidding by prior arrangement

Auction 11am Wednesday 14 September 2016
Crown Conference Centre, 25 Whiteman Street
Southbank Melbourne, Opposite Crown Towers

Coles, 10 Hope Street, Drouin, Vic 3818

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