Stonebridge Property Group is pleased to present for sale Woolworths Craigieburn, a highly sought after full-line Woolworths supermarket with an older style net lease structure.
The key highlights of the opportunity include:
- Rare opportunity to acquire a metropolitan Melbourne full-line Woolworths supermarket
- Anchored by a desirable net lease to Woolworths (including land tax) providing strong protection against outgoings increases**
- Prominently situated in Craigieburn, 24 km* north of the Melbourne CBD with a strong population growth of 2.1% p.a.^
- Fronting Craigieburn Road which is undergoing a $300 million upgrade plus nearby other substantial government projects including an upgraded hospital and sports centre
- The first retail offering coming from the Hume Highway and Craigieburn Train Station (600 m*) strongly benefitting from first exposure to inbound traffic into the suburb
- Convenient access to 341 common area at-grade car spaces*
- Estimated fully leased net operating income of $975,000* p.a.
Woolworths Craigieburn is offered for sale via Public Expressions of Interest closing Wednesday 26th June 2024 at 5pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Justin Dowers
0438 098 805
Kevin Tong ???
0422 848 818
* Approximately
** Excluding management and administration fees
^ LocationIQ, 5 minute drive time (2021-2031)
Property Code: 966