Stonebridge Property Group is delighted to present for sale a 100% freehold interest in Coles Lalor, a Melbourne metropolitan freestanding supermarket, only 16 km* from the Melbourne CBD.

The key highlights of the opportunity include:

– Secured by a rare NET lease to Coles (2,783 sqm* GLA)^ until 2028 plus 4×5 year options

– Strong income growth potential with current annual turnover in excess of percentage rent threshold^^

– High profile 3,365 sqm* metro landholding (Commercial 1 Zoned) at the heart of the Lalor retail precinct

– High underlying land value providing an income generating, land banking opportunity

– Low occupancy cost ratio identifying a significantly under market rental level ($148 per sqm)

*Approx.
^ Area based on rough estimate from scale drawing
^^ As at 31-Dec-21

To obtain further information, please contact Stonebridge Property Group.

Justin Dowers
0438 098 805

Kevin Tong
0422 848 818

Rorey James
0439 400 081

Our Ref: Supermarkets, National Portfolio

Property Code: 372