Stonebridge is pleased to present ‘ALDI Corrimal (Wollongong)’ for sale via Expressions of Interest closing on Thursday 18 April at 3pm (AEST).
The asset has the following key investment features:
- Secure 15 year lease to 2034 + options to 2049, with favourable CPI rent increases capped at 4%
- ALDI – Blue chip supermarket retailer, established in 1913 with 10,000+ locations worldwide, 13.2% sales growth YoY^
- Rarely offered 1,790 sqm* ALDI supermarket with 55 dedicated carparking spaces
- Modern supermarket featuring the latest corporate branding and striking fitout opened in 2019 and offering excellent depreciation benefits
- Prominent 230m* triple street frontage to Underwood Street, Betram Lane and Russell Street
- Seamlessly integrated into premium ‘Verge’ mixed use development, with strong-performing Little Zak’s Academy childcare, 49 high-end residential units, plus 4 retail shops
- Highly connected location – 400 metres to key arterial Memorial Drive (28,308+ vehicles daily) and adjacent to Princes Highway, set to benefit from $15 billion* upgrade programme
- Corrimal – Booming residential and commercial hub with $155 million development pipeline and host to separate Woolworths and Coles anchored shopping centres
- Wollongong – Gateway location only 90 mins south of Sydney, with population forecast to increase 26% to 270,000 by 2041
- Net Income $495,114 pa* + GST
*Approximately
‘ALDI Corrimal (Wollongong)’ for sale via Expressions of Interest closing on Thursday 18 April at 3pm (AEST).
Please contact the exclusively appointed Stonebridge property professionals for more information.
Property Code: 903