Developers Realisation Auction

Stonebridge Property Group is delighted to offer to the open market, a freestanding First Choice (Coles) investment in a prime metro Melbourne location.

Under clear instructions from the vendor, the property will be sold via a Public On-site Auction to be held on Tuesday 21st March 2023 at 12:30pm (AEDT).

We outline below some of the key features of this terrific opportunity:

• Anchored by First Choice Liquor, owned by ASX listed giant Coles Groups Limited (MKT CAP $24bn^)
• State of the art and fully refurbished 838 sqm* building, including 12 car parks on-title, offering major depreciation tax benefits
• Net annual income of $388,000*, with more than 90% of income guaranteed by Coles
• Substantial land area of 1,538 sqm*, zoned under the highly valuable Activity Centre Zone 1 (ACZ1), and nearby the North East Link on/off ramp
• Outstanding retail location opposite the super-regional Greensborough Plaza (Coles, Aldi,
  Kmart, Target, Hoyts Cinemas) and adjacent Bus Terminal Interchange Development
• Area will be further complemented by the upgraded Greensborough Train Station and major residential development in the immediate surrounds

^Source: ASX
*Approximately

First Choice Greensborough is offered for sale via Public On-site Auction on Tuesday 21st March 2023 at 12:30pm (AEDT).

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.