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34-36 Tuaggra Street
Maryborough VIC 3465
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Sold on 22 Nov 2023

34-36 Tuaggra Street Maryborough VIC 3465

  • Shop & Retail
  • 4,294 m²
  • Sold

Dominant Freestanding Woolworths with Rare Net Lease

  • First time offered
  • Tenant undertaking $9m refurbishment
  • Initial term percentage rent forecast

Savills Retail Investments team are excited to present for sale this generational investment opportunity and just the third full-line supermarket offered in Victoria this year.

Investment highlights include:
- High performing standalone supermarket undergoing $9m tenant refurbishment
- Secured by an unrepeatable 24-year lease to Woolworths Group Limited
- Highly sought-after 'net' lease
- Ultra-rare fixed rental increase of 10% at first option, guaranteeing growth
- Full-line supermarket of 4,294sq m* with brand new Direct to Boot facility
- Substantial site area of 9,699sq m* with 159 car bays on title
- Percentage rent forecast during initial term
- Important 50% Stamp Duty Savings
- Woolworths Limited: ASX-giant with 1,112 stores nationally and market cap of $45.26b.
- Net Income: $944,215pa*

*Approx.

For Sale via Expressions of Interest closing 3pm (AEDT), Thursday 16 November 2023.

Property Highlights

Date Sold22 Nov 2023
Floor Area4,294 m²
Land AreaAsk Agent
Parking159 x Onsite parkings
Building TypeWhole building
Property ID2018838422
Category
Last updated  29 Nov 2023
Map for 34-36 Tuaggra Street Maryborough VIC 3465

Property Highlights

Date Sold22 Nov 2023
Floor Area4,294 m²
Land AreaAsk Agent
Parking159 x Onsite parkings
Building TypeWhole building
Property ID2018838422
Category
Last updated  29 Nov 2023

Co-Agents

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