Hawker Woolworths supermarket presents an incredibly rare chance to enter the non-discretionary retail market in the ACT and to secure a 12.7-year cashflow underpinned by a star performer in the Australian economy.
The non-discretionary retail market in the ACT is one of the most tightly held in Australia with only a handful trading in the last 5 years, demonstrating the strength of the Canberra market. The current lease to Woolworths commenced in November 2013 for a term of 20 years expiring in November 2033 with further term options of 9 years and 363 days.
Situated within a bustling neighbourhood centre and surrounded by established brands such as Coles Shell and KFC, Hawker Woolworths offers the right mix of income stability and growth potential. Within a 5KM drive off major thoroughfare, Belconnen Way, is the major Belconnen shopping district which includes a Westfield Belconnen, Canberra International Sports & Aquatic Centre (CISAC) and The University of Canberra.
Woolworths Group started with their first Woolworths supermarket chain in Sydney in 1924. Now with over 995 stores across Australia, Woolworths is Australia's largest supermarket chain. Woolworths is renowned for its fresh food, groceries, general merchandise, and liquor. Woolworths has circa 200,000 team members who serve over 29 million customers across all Woolworths Groups brands every week.
-12.7 Year WALE plus options to 2043
-Long term secure income with upside through turnover rent provisions
-Bankable tenant and the dominant supermarket brand in Canberra
-Popular neighbourhood centre
-A long history of trade and established businesses that continue to drive foot traffic
-Further urban renewal at the centre plus the ability to expand to a full line supermarket and mixed-use development (STCA)
-A robust economy
-The ACT has been a standout performer during economic uncertainty, underpinned by the Commonwealth government as the major employer
-High barriers to entry
-Land supply in the ACT is regulated and opportunities for new entrants is limited
For more information on this exciting opportunity please reach out to the exclusive sales agents at CBRE.