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.
