Coles Lalor, 41-71 May Road

Lalor VIC 3075

Shortlist

SearchBack to results

Home
› Sold
› VIC
› Lalor
› Shop & Retail
› Coles Lalor, 41-71 May Road, Lalor VIC 3075

Sold on 18 Apr 2022

Coles Lalor, 41-71 May Road Lalor VIC 3075

Shop & Retail
2,783 m²
Sold

Freestanding Metro Melbourne Coles Supermarket

Rare NET Lease To Coles Until 2028
In Excess Of Percentage Rent Threshold
Income + Landbank Opportunity

Stonebridge Property Group is delighted to present for sale a 100% freehold interest in Coles Lalor, a Melbourne metropolitan freestanding supermarket, only 16 km* from the Melbourne CBD.

The key highlights of the opportunity include:

- Secured by a rare NET lease to Coles (2,783 sqm* GLA)^ until 2028 plus 4x5 year options

- Strong income growth potential with current annual turnover in excess of percentage rent threshold^^

- High profile 3,365 sqm* metro landholding (Commercial 1 Zoned) at the heart of the Lalor retail precinct

- High underlying land value providing an income generating, land banking opportunity

- Low occupancy cost ratio identifying a significantly under market rental level ($148 per sqm)

- Net income of $413,000 p.a.*

*Approx.
^ Area based on rough estimate from scale drawing
^^ As at 31-Dec-21

To obtain further information, please contact Stonebridge Property Group.

Justin Dowers
0438 098 805

Kevin Tong
0422 848 818

Rorey James
0439 400 081

Property Code: 372

Stonebridge Property Group VIC

Level 19, 627 Chapel Street

South Yarra, VIC 3141

Property Highlights

Date Sold	18 Apr 2022
Floor Area	2,783 m²
Land Area	3,365 m²
Energy	Ask Agent
Parking	Ask Agent
Property ID	2017606138
Category	Shop & Retail Offices Showrooms / Bulky Goods
Last updated	19 Apr 2022

Map for Coles Lalor, 41-71 May Road Lalor VIC 3075

Nearest transport* to Coles Lalor, 41-71 May Road Lalor VIC 3075

Bus

Train

Tram

Ferry

Peter Lalor Walk/Station St (Lalor)	100 m
Lalor Shopping Centre/David St (Lalor)	141 m
Howell St/High St (Lalor)	210 m
Travers St/High St (Thomastown)	222 m

*Within a 4km radius

Did you find this helpful?

Yes

Stonebridge Property Group VIC

Level 19, 627 Chapel Street

South Yarra, VIC 3141

Property Highlights

Date Sold	18 Apr 2022
Floor Area	2,783 m²
Land Area	3,365 m²
Energy	Ask Agent
Parking	Ask Agent
Property ID	2017606138
Category	Shop & Retail Offices Showrooms / Bulky Goods
Last updated	19 Apr 2022

Co-Agents

Rorey James

Stonebridge Property Group VIC

Call

+61 439 400 081

Justin Dowers

Stonebridge Property Group VIC

Call

+61 438 098 805

Kevin Tong 汤聪瑜

Stonebridge Property Group VIC

Call

+61 422 848 818

More about Coles Lalor, 41-71 May Road Lalor VIC 3075

Coles Lalor, 41-71 May Road Lalor VIC 3075 is categorized as Shop & Retail Property. It has a floor area of 2,783 m² and a land area of 3,365 m². The listing ID for this property is 2017606138.