Colliers International is proud to offer for sale Woolworths Ermington, a high performing Woolworths supermarket that is trading 60% above the national average (MAT/sqm)^, resulting in low occupancy costs and currently producing significant turnover rental.
Woolworths Ermington presents as a rare opportunity to secure a freestanding supermarket, located 19 kilometres west from the Sydney CBD. The property’s 2,966 square metre site area, flexible "B2-Local Centre" zoning, and Woolworths short lease profile (exp. 2021), allows investors imminent redevelopment potential.
Key investment highlights include:
• Estimated net income $677,391 p.a.
• 100% income secured by Woolworths (exp. 2021)
• Woolworths paying turnover rent
• Trading 60% above the national benchmark (MAT/sqm)^
• Attractive "B2 - Local centre" zoning
• Income growth potential given low occupancy cost
• Exposure to 21.9 million vehicles annually^
Woolworths Ermington is being offered for sale via Expressions of Interest, closing at 2.00pm (AEST) Thursday 29 November, 2018.