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Sold on 20 Jan 2021

Woolworths Torquay Cnr Bristol Road & Walker Street Torquay VIC 3228

  • Shop & Retail
  • 2,980 m²
  • Sold

A Generational Freestanding Woolworths Supermarket With UPSIDE

  • Rare NET lease structure to Woolworths
  • Strategic C1Z landholding of 7,331sqm*
  • Scope for future mixed use redevelopment

Stonebridge Property Group is pleased to present for sale Woolworths Torquay Central, a once in a generation opportunity to acquire a freestanding Woolworths Supermarket, with significant future development upside. Situated on the corner of Bristol Road and Walker Street, Torquay Victoria, this is arguably the most prestigious daily needs investment asset of 2020 to come to market.

We detail several key investment highlights below:

+ A once in a generation Woolworths leased freestanding supermarket investment being the embodiment of a highly secure, daily needs investment

+ Rare NET lease structure to Woolworths including BWS liquor (2,980 GLA*)

+ The most substantial and strategic Commercial 1 Zoned landholding in the tightly held coaster enclave of Torquay (7,332sqm*) providing significant scope for future mixed-use development given the undercapitalised at grade car parking and value enhancement opportunity

+ The positioning is further enhanced given the central location of the site, being opposite Taylor Park and 300 metres* from Torquay Beach

+ Highly convenient at-grade car parking with 127 spaces and access from three (3) street frontages

+ Profitable store evidenced by a low occupancy cost ratio (under 3%) and growing supermarket turnover

+ Woolworths recently invested over $5 million of capital works into the store, identifying their confidence and commitment to the location

+ Torquay is a major coastal hub being the gateway to the Great Ocean Road in the Surf Coast Shire. An affluent location that is experiencing some of the highest levels of tourism and population growth in Australia, being an ideal location for sea-change residents which will be significantly accelerated as the working from home trend increases

+ Net income of $916,029 per annum*

Woolworths Torquay Central is for sale by Expressions of Interest (EOI) closing 5pm AEDT Thursday the 3rd of December 2020. To obtain further information or to arrange an inspection, please contact the exclusive selling agents Stonebridge Property Group.

Justin Dowers
0438 098 805

Kevin Tong
0422 848 818

Philip Gartland
0403 582 324

*approx

EXPRESSION OF INTEREST

Closing date and time03/12/2020 17:00
Recipient nameAsk Agent
Delivery addressAsk Agent

Property Highlights

Property ID2016571630
Date Sold20 Jan 2021
Floor Area2,980 m²
Land Area7,332 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  20 Jan 2021
Map for Woolworths Torquay Cnr Bristol Road & Walker Street Torquay VIC 3228
Map for Woolworths Torquay Cnr Bristol Road & Walker Street Torquay VIC 3228Woolworths Torquay Cnr Bristol Road & Walker Street Torquay VIC 3228

Property Highlights

Property ID2016571630
Date Sold20 Jan 2021
Floor Area2,980 m²
Land Area7,332 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  20 Jan 2021
Stonebridge Property Group VIC
Level 3, 111 Coventry Street Southbank VIC 3006
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