82-116 George Street Morwell VIC 3840

JLL Retail Investments in conjunction with Stonebridge have the privilege in offering for sale Coles Morwell Shopping Centre.

A rare opportunity to acquire a refurbished Coles Supermarket & Liquorland anchored asset with seven convenience-based specialty shops.

Key details of the opportunity include:

+ Anchored by a high performing 4,756 sqm Coles Supermarket
+ 92% of income underpinned by Coles Group
+ Rare NET lease in place with ~90% of outgoings fully recoverable by Coles.
+ Commanding 11,110 sqm activity centre zoned landholding
+ Exceptional parking with 259 at-grade and under croft car bays
+ Potential 50% stamp duty savings available

*Approx.

Coles Morwell is For Sale by Expressions of Interest closing Wednesday 10th April 2024 at 3pm (AEST)

To obtain further information or to arrange an inspection, please contact the agents below:

JLL Agents:

Stuart Taylor | 0428 000 000
Tom Noonan | 0402 319 698
MingXuan Li | 0498 688 998

Stonebridge Agents:
Justin Dowers | 0438 098 805
Phillip Gartland | 0403 582 324
Kevin Tong | 0422 848 818

Coles Paying Percentage Rent
Rare NET Lease Structure
92% of income underpinned by Coles