A Rare Inner City and World-class Investment Anchored by a New 8-year Lease to Woolworths
8 Dryburgh Street, West Melbourne, Victoria 3003 Australia
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
George Davies
Jeff Ha 石军豪
0401 145 166
* Approximately
**Data VIC, 2022-23 station entries
***LocationIQ
- Melbourne City Suburbs
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Details
- Building Size:
- 915 SQM
- Sale Price:
- Negotiable
- Lot Size:
- 915 SQM
CONTACT
AVAILABILITIES