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34-36 Tuaggra Street
Maryborough VIC 3465
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Savills Melbourne
Sold on 22 Nov 2023

34-36 Tuaggra Street Maryborough VIC 3465

  • Shop & Retail
  • 4,294 m²
  • Sold

Dominant Freestanding Woolworths with Rare Net Lease

  • First time offered
  • Tenant undertaking $9m refurbishment
  • Initial term percentage rent forecast

Savills Retail Investments team are excited to present for sale this generational investment opportunity and just the third full-line supermarket offered in Victoria this year.

Investment highlights include:
- High performing standalone supermarket undergoing $9m tenant refurbishment
- Secured by an unrepeatable 24-year lease to Woolworths Group Limited
- Highly sought-after 'net' lease
- Ultra-rare fixed rental increase of 10% at first option, guaranteeing growth
- Full-line supermarket of 4,294sq m* with brand new Direct to Boot facility
- Substantial site area of 9,699sq m* with 159 car bays on title
- Percentage rent forecast during initial term
- Important 50% Stamp Duty Savings
- Woolworths Limited: ASX-giant with 1,112 stores nationally and market cap of $45.26b.
- Net Income: $944,215pa*

*Approx.

For Sale via Expressions of Interest closing 3pm (AEDT), Thursday 16 November 2023.

Property Highlights

Date Sold22 Nov 2023
Floor Area4,294 m²
Land AreaAsk Agent
Parking159 x Onsite parkings
Building TypeWhole building
Property ID2018838422
Category
Last updated  29 Nov 2023
Map for 34-36 Tuaggra Street Maryborough VIC 3465

Property Highlights

Date Sold22 Nov 2023
Floor Area4,294 m²
Land AreaAsk Agent
Parking159 x Onsite parkings
Building TypeWhole building
Property ID2018838422
Category
Last updated  29 Nov 2023
Level 29, South Tower, 80 Collins Street, Melbourne VIC 3000
Rick Silberman
Rick Silberman
Savills Melbourne
Stephen Bolton
Stephen Bolton
Savills Melbourne

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