Burgess Rawson is pleased to offer to the market Liquorland (Coles Group) & Domino's Warrawong located at 67 Cowper Street, Warrawong (Wollongong) NSW for sale via our Investment Auction Portfolio 170.
This opportunity has the following key investment highlights:
+ Renewed 9 year lease to Liquorland to 2027 plus option to 2033
+ Liquorland: dominant liquor retailer with a national network of 743+ stores owned by ASX listed Coles Group
+ Coles Group: one of Australia's largest and most iconic retailers, with more than 2,400 outlets across their portfolio of Australian supermarkets, liquor and convenience stores
+ 7 year lease to Domino's to 2029 plus options to 2039
+ Domino's: multinational ASX listed fast food giant, market cap of $3.86B*, 18,000+ locations worldwide
+ Favourable mix of CPI and fixed 3.5% annual rent increases
+ Landlord favourable lease structure with 74% of outgoings recoverable from Liquorland (Coles Group)
+ Substantial 2,906sqm* freehold landholding with 53m* of frontage to Cowper Street, within the brand new nationally tenanted Bayview Centre neighbouring McDonald's, Hungry Jacks, Starbucks, Oporto, Amart, Beacon Lighting, JB Hi-Fi, Pillow Talk, Supercheap Auto, Road Tech Marine, Trek & AutoBarn.
+ Bayview Centre: premium fast food, liquor and large format retail centre completed in 2023, opposite the third largest Shopping centre in the Wollongong LGA, Warrawong Plaza
+ Recently refurbished 872sqm* building, offering depreciation benefits and immaculate tenant fit-out
+ 22 on-site car parks, amongst The Bayview Centres 312 on-grade car parks
+ Highly exposed to a combined 77,000+ vehicles passing daily
+ Warrawong: highly sought-after location in NSW's booming South Coast, 8km* to Wollongong & 12km* to Shellharbour
+ Net Income: $324,217 pa* + GST
To be sold by Investment Portfolio Auction
10:30am AEST Tuesday 6 August 2024
Yallamundi Rooms, Sydney Opera House
Also available as part of Burgess Rawson's August Portfolio Auction.
- McDonald's Warrawong
- Hungry Jack's Warrawong
- Starbucks Warrawong
- Oporto Warrawong
Please contact the exclusively appointed sales team for more information.
