Coles Lalor, 41-71 May Road Lalor VIC 3075

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