retail
Retail - Shopping Cenre
Industrial/Warehouse
ID 303044UpdatedSoldGriffith North Woolworths
2-12 Burrell Place
Griffith, New South Wales, 2680
Please contact us for price
- Size2,560 SQM
- Description
- Building Information
- Location
- Agents
Description
Highly secure Woolworths anchored portfolio
JLL is pleased to exclusively present an opportunity to acquire three Woolworths Group anchored retail properties located in New South Wales (‘The Portfolio’).
This Portfolio offers a secure and stable income and the potential for capital growth with the major anchor being Woolworths Group, trading as Woolworths supermarkets (two properties) and Dan Murphy’s (one property).
Key Investment Highlights of Griffith North Woolworths, NSW include:
• Secured by 15 year lease to Woolworths expiring in 2027 with 4 x 10 year options
• Guaranteed minimum 5% base rent review expected to occur every 5 years
• Woolworths trading well with MAT growth for the year to May 2019 being almost 9%.
• Easy access with multiple ingress and egress to 110 at grade carparks via Burrell Place, Binya Street and Wakaden Street
• Well located close to local amenity including the Griffith North Public School approximately 1.1 kilometres to the north-east and the Griffith Railway Station 600 metres to the east
• Estimated Net income of $689,878pa* as at 30 September 2019
• Highly secure Woolworths anchored portfolio
The investment opportunity is being formally offered individually or in-one-line via an Expressions of Interest (‘EOI’) campaign closing 4pm (AEDST) Thursday 29 August 2019.
JLL is pleased to exclusively present an opportunity to acquire three Woolworths Group anchored retail properties located in New South Wales (‘The Portfolio’).
This Portfolio offers a secure and stable income and the potential for capital growth with the major anchor being Woolworths Group, trading as Woolworths supermarkets (two properties) and Dan Murphy’s (one property).
Key Investment Highlights of Griffith North Woolworths, NSW include:
• Secured by 15 year lease to Woolworths expiring in 2027 with 4 x 10 year options
• Guaranteed minimum 5% base rent review expected to occur every 5 years
• Woolworths trading well with MAT growth for the year to May 2019 being almost 9%.
• Easy access with multiple ingress and egress to 110 at grade carparks via Burrell Place, Binya Street and Wakaden Street
• Well located close to local amenity including the Griffith North Public School approximately 1.1 kilometres to the north-east and the Griffith Railway Station 600 metres to the east
• Estimated Net income of $689,878pa* as at 30 September 2019
• Highly secure Woolworths anchored portfolio
The investment opportunity is being formally offered individually or in-one-line via an Expressions of Interest (‘EOI’) campaign closing 4pm (AEDST) Thursday 29 August 2019.
Location
Agent
Nick Willis
Director
Agent details