10 Albertson Road Barnawartha North VIC 3691

Colliers Industrial Capital Markets, as exclusive selling agents, are pleased to offer for sale 10 Albertson Road, Barnawartha North, Victoria (The Wine Depot Distribution Centre), a long-term, secure sale & leaseback to Wine Depot, with significant development upside.

Underpinned by the security of ASX listed Digital Wine Ventures Limited (ASX: DW8), the offering benefits from the following captivating features:

Initial 10-year sale & lease back to strong national tenant covenant Wine Depot
Modern 2005 built distribution centre totaling 7,252m² of high-quality improvements
Opportunity to expand the existing facility by 1,470m² and construct an additional freestanding distribution centre of 9,300m² upon the surplus land with lease pre-commitment from Wine Depot
Triple net lease structure providing a strong running yield
Net passing income of $660,000 p.a. with fixed 3.00% annual rent reviews
Substantial regular shaped 40,200m² freehold land holding
Strategic location within Albury-Wodonga's major distribution and freight hub
Superb connectivity positioned nearby Australia's premium freight corridor the Hume Highway

The Wine Depot Distribution Centre is offered for sale via Expressions of Interest closing 4:00pm (AEDT) Friday, 29th October 2021.