38 Spring Square Hallam VIC 3803

Burgess Rawson is pleased to offer to the market Liquorland, 38 Spring Square, Hallam (Melbourne) VIC for sale via our Investment Portfolio Auction 170.

This investment has the following key highlights:

+ Renewed Five (5) year lease to April 2027 plus options to 2062.
+ Liquorland: retail liquor giant wholly owned by Coles Group with 700+ locations across Australia.
+ Coles Group (ASX:COL): $23.2 billion market cap, 3Q24 revenue up 3.4% on 3Q23. (1)
+ Annual rent reviews, ensuring growth.
+ Significant 732sqm* building inc retail, cool room, storage, mezzanine and rear loading.
+ Prime 689sqm* C1Z freehold landholding with important ROW access.
+ Situated in tightly held 'Hallam Square' anchored by high trading Coles Supermarket.
+ Direct exposure to approximately 232 council car parks.
+ Hallam: booming metro suburb, only 35km* south-east of the Melbourne CBD.
+ City of Casey: VIC's most populous council, population forecast to grow 54% by 2046. (2)
+ Net Income: $83,587pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 7 August 2024
Crown Casino, Melbourne

Please contact the exclusively appointed sales team for more information.

*Approx
1. Coles Group
2. .id