FREESTANDING COLES, LIQUORLAND, AND SHELL COLES EXPRESS RETAIL INVESTMENT
Expressions of Interest Closing Tue 30 March 2021 3pm (AEDT)
• Strategically located in the largest city in northern Victoria within the Goulburn region, known as the 'The Fruit Bowl of Australia' • Located on the major urban growth corridor of Greater Shepparton which is one of Victoria's strongest regional cities, 180 kilometers* north of the Melbourne CBD • Large and highly exposed 1.339* hectare land holding with excellent vehicular access (133 metres* of street frontage) • Commercial 1 (C1Z) Zoning and potential further development with excess land, not currently sealed for car parking, which can facilitate a supermarket extension in the future STCA^ • Freestanding Coles Supermarket and Liquorland of (2,860m²* GFA) plus a separate freestanding canopy and fuel pumps for the Shell Coles Express (Viva Energy) Petrol Station • Convenient at-grade car park for 141 vehicles* (4.9 cars / 100m²*) • Secure 20 year NET lease to Coles Group Limited expiring 07 November 2022 with 2 further 10 year options to 2042 • Estimated Net Income of $562,669* per annum • Opportunity to capitalise on the Shepparton and Mooroopna 2050: Regional City Growth Plan** • Set to benefit from significant government investment ($800 million* of committed funding) towards rail and road projects and community infrastructure in Shepparton and Mooroopna
*Approximately ^Subject To Council Approval **Draft not yet adopted