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246-250 Sheridan Street
Gundagai NSW 2722
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Jones Real Estate

246-250 Sheridan Street Gundagai NSW 2722

  • Shop & Retail
  • 2,211 m²
  • Commercial Auction

A WORLD CLASS INVESTMENT OPPORTUNITY WITH 99% OF INCOME GUARANTEED BY WOOLWORTHS WITH TURNOVER RENT!

    Jones Real Estate is privileged to present Woolworths, 246-250 Sheridan Street, Gundagai to the market, For Sale via Private Auction on Tuesday 23rd April 2024. Registration with the Jones Real Estate team is essential in order to participate. In-room auction events will be held concurrently in Melbourne & Sydney.

    Presenting as a modern, standalone neighborhood center, with 64 car parks and 112m* of frontage to Sheridan St and Sheridan Ln, the property is boosted by the lively Gundagai and surrounding districts regional economy together with passing traffic given prominent location between Melbourne & Sydney on the Hume Highway.

    Key highlights of this trophy investment include:

    - Leased with 99% of income to ASX listed titan Woolworths Group Ltd, a top 20 ASX listed company, with a market capitalisation of $40 Billion*.

    - Woolworths Group Limited serve over 24 million customers nationally, employ more than 200,000 staff members and operate over 1,400 stores spread across Woolworths supermarkets, metro stores and Big W^.

    - Current net passing return of $501,089.90 per annum plus GST & Outgoings*.

    - Further revenue value-add upside is possible by activation of the retail tenancy 3, by $54,000 per annum equating to $555,089.90 per annum plus GST & Outgoings***.

    - WALE by income of 7.61 years.

    - Favourable E1 Activity Center Zoning, on a significant land holding of 5,382sqm* whilst providing 112m* of street frontage to Sheridan St & Sheridan Ln, within Gundagai's bustling town centre.

    - Strategically located between Melbourne and Sydney on the Hume Highway transport route, which is the 2nd most heavily trafficked inter capital corridor on the national network, with daily average traffic volumes over 18,363**, future proofing this generational asset for many years to come.

    *APPROX.
    ^SOURCE: WOOLWORTHS GROUP
    **SOURCE: NSW FOR TRANSPORT
    ***ESTIMATED FULLY LEASED MARKET RENTAL NOT TO BE RELIED UPON.

    For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.

    Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.

    Auction date and time23/04/2024 12:00
    Auction locationMelbourne & Sydney - Contact Exclusive Selling Agents

    Property Highlights

    Floor Area2,211 m²
    Land Area5,382 m²
    Parking64 x Onsite parkings
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019139936
    Category
    Last updated  25 Mar 2024
    Map for 246-250 Sheridan Street Gundagai NSW 2722

    Nearest transport* to 246-250 Sheridan Street Gundagai NSW 2722

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    Property Highlights

    Floor Area2,211 m²
    Land Area5,382 m²
    Parking64 x Onsite parkings
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019139936
    Category
    Last updated  25 Mar 2024

    Listed by

    Jones Real Estate
    Call
    0488 77 9749

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