- FREESTANDING SUPERMARKET INVESTMENT - LEASED TO 2033 (PLUS OPTIONS) - RETURNING: $1,365,677 PA* PLUS OUTGOINGS - 3 STREET FRONTAGES, OVER 4,700 SQM OF LAND
Vinci Carbone is privileged to be able to offer for sale this magnificent, truly intergenerational, investment freehold, Woolworths Supermarket, 383 Whitehorse Road (Corner Mangan Street), Balwyn, first time offered for sale in 28 years.
The property comprises a freestanding supermarket situated on a large land holding leased to one of Australia’s most successful retailers, Woolworths Limited - being Australia’s largest supermarket chain and Australia’s largest company by revenue.
This magnificent property has many features including:
Tenant - Woolworths Limited, an exceptionally strong lease covenant, Australia’s largest company by revenue Location - situated in one of Victoria’s most exclusive and affluent suburbs Land Holding - over 4,700 sqm of Commercial 1 zoned land with three (3) frontages, Whitehorse Road, Mangan Street and Yerrin Street Net Income - $1,365,677 per annum* Position - Prominent corner position within very strong, tightly held retail centre Term - 12 years remaining on the current term plus options Car Parking - provided via open air and undercroft for 87 cars and adjoins a council carpark providing a further 67 car spaces Potential Depreciation benefits
