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Coles, 104 Lonsdale Street, Hamilton, Vic 3300

Coles, 104 Lonsdale Street, Hamilton, Vic 3300

Retail Showrooms/Bulky Goods Other

  • Sold Contact Agent
  • Wed 12-Dec-18

Dominant New Freestanding Coles Supermarket Investment

  • Rare Net Lease Structure
  • Immediate Rental Growth
  • High Performer Just 0.66% Off Turnover

  • Land Area
  • 1.16ha (2.86 acres) (approx)
  • Floor Area
  • 3,870 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • May 26, 2020

Interested in this property? Contact an Agent today

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street

Melbourne Vic 3000

Shaun Venables, Burgess Rawson - Melbourne
Shaun Venables
Billy Holderhead, Burgess Rawson - Melbourne
Billy Holderhead

Dominant New Freestanding Coles Supermarket Investment

20 year lease to 2035 plus 2 x 10 year options
New (2015) full line 3,870 sqm store including liquor
High performer just 0.66% off turnover threshold
Coles: Iconic Australian retailer, major 5.8% increase in sales Q1/19
The perfect Landlord lease with Coles paying outgoings, internet sales included, and non-deescalating percentage rent from an early threshold
Outstanding turnover, up 20% since May 2016 and on track for percentage rent prior to settlement
Important 5 yearly base rent reviews – next due May 2020
Superior CBD location with very little threat of new stores
Significant Commercial 1-zoned, 11,584 sqm landholding with 156 at-grade car spaces on title and access to a further 100 integrated spaces
Hamilton: Important commercial service centre servicing 20,000+ trade catchment, geographically protected from competing commercial centres
Net Rent: $1,194,900 pa (Projected Dec 2019 net rent: $1,237,855 pa)

Auction 11am AEDT Wednesday 12 December 2018
River Room, Crown Casino, Melbourne

Coles, 104 Lonsdale Street, Hamilton, Vic 3300

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