Coles Five Dock 4-12 Garfield Street Five Dock NSW 2046

Shop & Retail
3,550 m²
Sold

Sydney Metropolitan Coles Supermarket

Prized Inner West Location
Coles on Rare 20yr Lease exp. June 2036
Only Full-Line Supermarket in the MTA

The Coles Supermarket investment is located in Five Dock, an established and affluent residential pocket of inner west Sydney, only 9 km from the CBD. Coles is positioned along the high-profile retail strip of Great North Road, forming part of a modern mixed-use development.

The full-line Coles Supermarket features a rare 20 year lease (expiring June 2036) with attractive 4 x 10 year options to 2076. The Coles dominates its catchment, being the only full-line supermarket offering and is trading 29.2% above Urbis benchmarks* resulting in percentage rent. Strong MAT forecasts may result in income growth potential, given it is located in a MTA reflective of an affluent family demographic with per capita incomes 32.0% above Sydney averages ^.

Coles is supported by a single restaurant across 3,550 sqm GLA with 163 convenient basement car spaces on title. The offering is strategically positioned to benefit from the proposed Sydney West Metro Five Dock Station opening in 2030.

Coles Five Dock is Being Offered For Sale via Expressions of Interest (EOI) Closing 2.00pm (AEST) on Thursday, 15 July 2021.

* Urbis 2020 Single Supermarket Centre Average MAT $/sqm
^ Coles Five Dock Trade Area Analysis and Supermarket Sales Forecast by Macroplan, June 2021