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101-107 East Street
Narrandera NSW 2700
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Sold on 6 May 2024

101-107 East Street Narrandera NSW 2700

  • Shop & Retail
  • 2,119 m²
  • Sold

A WORLD CLASS INVESTMENT OPPORTUNITY WITH 100% OF INCOME GUARANTEED BY COLES FOR 10 YEARS WITH TURNOVER RENT!

    Jones Real Estate is privileged to present Coles, 101-107 East Street, Narrandera to the market, For Sale via Private Negotiation.

    Presenting a rare opportunity to acquire a freestanding supermarket on an irreplaceable 5,606sqm* Village Zoned (RU5) landholding, with 54 car parks and 242m* of frontage to East St, Bolton St, Charles St and ROW, in the heart of Narrandera's shopping precinct.

    Offering a highly sought after brand new 10-year lease, returning a base rental of $464,503.46** + turnover rent per annum plus GST & Outgoings. This generational asset in NSW's regional epicentre is future proofed for many years to come.

    Key highlights of this trophy investment include:

    - Net lease to ASX listed powerhouse, Coles Group Limited, a top ASX listed company with a market capitalisation of $23 Billion, trading as Coles and Liquorland^.

    - Coles is one of Australia's leading retailers with an extensive national footprint of 1,800 supermarkets and liquor stores^.

    - Rare net lease structure with the tenant paying 100% of the building outgoings, including land tax.

    - Year 1 projected rental of $494,276.42*** per annum plus GST & Outgoings.

    - Brand new 10-year lease until 2034 with options through to 2054 following a 15-year initial term already completed.

    - Freestanding supermarket offering 5,606sqm* of land area, boasting a combined street frontage of 242m* to East St, Bolton St, Charles St and ROW, whilst located within the regional heartland of NSW between Wagga Wagga and Griffith.

    - 100% leased to Coles Group Limited trading as Coles and Liquorland with an NSA of 2,119sqm*.

    - Opportunity to target a defensive income stream with proven resilience during economic uncertainty.

    *APPROX.
    **ESTIMATE USED FOR FINAL YEAR OF PERCENTAGE RENT, BASED ON SALES AVERAGES FROM APR23 - FEB24 (11 MONTHS) NOT TO BE RELIED UPON.
    ***AVERAGE OF PRIOR 3 YEARS TURNOVER RENT PLUS ANTICIPATED BASE RENTAL - NOT TO BE RELIED UPON.
    ^SOURCE: COLES GROUP

    For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.

    Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.

    Jones Real Estate
    Jones Real Estate
    Level 8, 1 Elizabeth Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold6 May 2024
    Floor Area2,119 m²
    Land Area5,606 m²
    Parking54 x Onsite parkings
    Property ID2019139209
    Category
    Last updated  7 May 2024
    Map for 101-107 East Street Narrandera NSW 2700

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    Jones Real Estate
    Jones Real Estate
    Level 8, 1 Elizabeth Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold6 May 2024
    Floor Area2,119 m²
    Land Area5,606 m²
    Parking54 x Onsite parkings
    Property ID2019139209
    Category
    Last updated  7 May 2024

    Co-Agents

    More about 101-107 East Street Narrandera NSW 2700

    101-107 East Street Narrandera NSW 2700 is categorized as Shop & Retail Property. It has a floor area of 2,119 m² and a land area of 5,606 m². There are 54 x onsite parkings.The listing ID for this property is 2019139209.

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