Sold
Freestanding Metro Melbourne Coles Supermarket
47-71 May Road, Lalor VIC
Sold
Stonebridge Property Group is delighted to present for sale a 100% freehold interest in Coles Lalor, a Melbourne metropolitan freestanding supermarket, only 16km* from the Melbourne CBD.
The key highlights of the opportunity include:
- Secured by a rare NET lease to Coles (2,783sqm* GLA)^ until 2028 plus 4×5 year options
- Strong income growth potential with current annual turnover in excess of percentage rent threshold^^
- High profile 3,365 sqm* metro landholding (Commercial 1 Zoned) at the heart of the Lalor retail precinct
- High underlying land value providing an income generating, land banking opportunity
- Low occupancy cost ratio identifying a significantly under market rental level ($148 per sqm)
- Net income of $413,000 p.a.*
*Approx.
To obtain further information or to arrange an inspection, please contact Stonebridge Property Group.
