Investment Property new
For Sale Retail

A Rare Inner City and World-class Investment Anchored by a New 8-year Lease to Woolworths

8 Dryburgh Street, West Melbourne, VIC 3003 Australia
Investment Property new
For Sale Retail

A Rare Inner City and World-class Investment Anchored by a New 8-year Lease to Woolworths

8 Dryburgh Street, West Melbourne, VIC 3003 Australia
Building Size
915 SQM
Lot Size
915 SQM
Building Size
915 SQM
Lot Size
915 SQM

OVERVIEW

Cushman & Wakefield, in conjunctional with Stonebridge Property Group are pleased to present for sale Woolworths Metro West Melbourne, a brand-new inner Melbourne Woolworths supermarket.


The key highlights of the opportunity include:


- A brand-new Woolworths supermarket secured by an initial 8-year lease plus options to 2051


- Ultra-rate, minimum 5% base rent increases in year 6 and 11 of the lease provide income growth potential


- High profile location, 1 km* from the Melbourne CBD and opposite North Melbourne train station which has an annual traffic count of 1.14 million commuters p.a.**


- Extremely dense catchment with 45,800 people within a 1.5 km* radius experiencing 3.2% p.a. population growth to 2031***


- Nearby the $10.2 billion West Gate Tunnel project which will substantially improve connectivity to the suburb


- Seamlessly integrated within the highly successful Gadsden development (187 units over 11 storeys) with 22 basement car spaces on title


- Estimated net operating income of $565,000 p.a.* plus excellent depreciation benefit potential


Woolworths Metro West Melbourne is offered for sale via Public Expressions of Interest closing Thursday 5th September at 5.00pm (AEST).


To obtain further information or to arrange an inspection, please contact the exclusive selling agents at Stonebridge Property Group and Cushman & Wakefield.


Cushman & Wakefield:


Oliver Hay

0419 528 540


George Davies

0421 799 489


Jeff Ha 石军豪

0401 145 166


* Approximately


**Data VIC, 2022-23 station entries


***LocationIQ

- Melbourne City Suburbs

CONTACT

Key Features
  • Brand New Woolworths Supermarket
  • 1 km* from Melbourne CBD
  • Strong Depreciation Benefit Potential

Details

Building Size:
915 SQM
Sale Price:
Contact us for pricing
Lot Size:
915 SQM

CONTACT

A Rare Inner City and World-class Investment Anchored by a New 8-year Lease to Woolworths

LOCATION

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