- FREESTANDING SUPERMARKET INVESTMENT
- LEASED TO 2033 (PLUS OPTIONS)
- RETURNING: $1,365,677 PA* PLUS OUTGOINGS
- 3 STREET FRONTAGES, OVER 4,700 SQM OF LAND
Vinci Carbone is privileged to be able to offer for sale this magnificent, truly intergenerational, investment freehold, Woolworths Supermarket, 383 Whitehorse Road (Corner Mangan Street), Balwyn, first time offered for sale in 28 years.
The property comprises a freestanding supermarket situated on a large land holding leased to one of Australia’s most successful retailers, Woolworths Limited - being Australia’s largest supermarket chain and Australia’s largest company by revenue.
This magnificent property has many features including:
Tenant - Woolworths Limited, an exceptionally strong lease covenant, Australia’s largest company by revenue
Location - situated in one of Victoria’s most exclusive and affluent suburbs
Land Holding - over 4,700 sqm of Commercial 1 zoned land with three (3) frontages, Whitehorse Road, Mangan Street and Yerrin Street
Net Income - $1,365,677 per annum*
Position - Prominent corner position within very strong, tightly held retail centre
Term - 12 years remaining on the current term plus options
Car Parking - provided via open air and undercroft for 87 cars and adjoins a council carpark providing a further 67 car spaces
Potential Depreciation benefits
IMPORTANT NOTICE - THE AUCTION OF THIS PROPERTY WILL TAKE PLACE AT LEONDA BY THE YARRA, 2 WALLEN RD, HAWTHORN AT 1.00PM ON FRIDAY 12 NOVEMBER
*approx