Single, long-term, passive income stream from top tier tenant. First Choice Liquor Market: Wholly owned subsidiary of Coles Group (ASX: COL) one of Australia's top retailers with FY2021 sales of $39.6 billion.** Coles liquor, a blue-chip network of 929 First Choice Liquor Market, Liquorland and Vintage Cellars stores across Australia. Important freestanding 1,892sqm* site in a popular Eastern Beaches suburb with a trade catchment population of 256,612 within a 5km radius.*** Long established liquor store with recent, tenant-funded upgrade with 21 on-site car spaces. Significant and strategic site on Maroubra Road within the burgeoning Maroubra CBD, within 750 metres of Westfield, Coles, Aldi, McDonald's, KFC and the $3 billion Meriton Development.**** Brand new 5-year lease plus 8 x 5-year options. Annual, fixed compounding 2% rent increases, ensuring certain rental growth. Coles Group responsible for Land Tax (single holding) Council Rates, Water Rates, Public Liability Insurance and repairs and maintenance. Booming pocket of the Randwick City Council with 16.4% forecast population growth 2031.*** Estimated net rent: $348,467 pa
For Sale by Investment Portfolio Auction 11am (AEDT) Tuesday 9 November 2021
** Coles Group *** Gap Maps **** Sydney Morning Herald
