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Woolworths Metro West Melbourne, 18 Dryburgh Street
West Melbourne VIC 3003
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Sold on 26 Sep 2024

Woolworths Metro West Melbourne, 18 Dryburgh Street West Melbourne VIC 3003

  • Shop & Retail
  • 1 m²
  • Sold

A Rare Inner City and World-class Investment Anchored by a New 8-year Lease to Woolworths

  • Brand New Woolworths Supermarket
  • 1 km* from Melbourne CBD
  • Strong Depreciation Benefit Potential

Stonebridge, in conjunction with Cushman & Wakefield are pleased to present for sale Woolworths Metro West Melbourne, a brand-new inner Melbourne Woolworths supermarket.

The key highlights of the opportunity include:

- A brand-new Woolworths supermarket secured by an initial 8-year lease plus options to 2051

- Ultra-rate, minimum 5% base rent increases in year 6 and 11 of the lease provide income growth potential

- High profile location, 1 km* from the Melbourne CBD and opposite North Melbourne train station which has an annual traffic count of 1.14 million commuters p.a.**

- Extremely dense catchment with 45,800 people within a 1.5 km* radius experiencing 3.2% p.a. population growth to 2031***

- Nearby the $10.2 billion West Gate Tunnel project which will substantially improve connectivity to the suburb

- Seamlessly integrated within the highly successful Gadsden development (187 units over 11 storeys) with 22 basement car spaces on title

To obtain further information or to arrange an inspection, please contact the exclusive selling agents at Stonebridge Property Group and Cushman & Wakefield.

Stonebridge Property Group:

Justin Dowers
0438 098 805

Kevin Tong
0422 848 818

Cushman & Wakefield:

Oliver Hay
0419 528 540

George Davies
0421 799 489

Jeff Ha
0401 145 166

* Approximately

**Data VIC, 2022-23 station entries

***LocationIQ

Property Code: 1025

Stonebridge Property Group VIC
Stonebridge Property Group VIC
Level 19, 627 Chapel Street
South Yarra, VIC 3141

Property Highlights

Date Sold26 Sep 2024
Floor Area1 m²
Land Area915 m²
ParkingAsk Agent
Property ID2019409929
Category
Last updated  9 Oct 2024
Map for Woolworths Metro West Melbourne, 18 Dryburgh Street West Melbourne VIC 3003
Stonebridge Property Group VIC
Stonebridge Property Group VIC
Level 19, 627 Chapel Street
South Yarra, VIC 3141

Property Highlights

Date Sold26 Sep 2024
Floor Area1 m²
Land Area915 m²
ParkingAsk Agent
Property ID2019409929
Category
Last updated  9 Oct 2024

Co-Agents

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
Oliver  Hay
Oliver Hay
Cushman & Wakefield Melbourne
Call
+61419528540
George  Davies
George Davies
Cushman & Wakefield Melbourne
Call
+61421799489

More about Woolworths Metro West Melbourne, 18 Dryburgh Street West Melbourne VIC 3003

Woolworths Metro West Melbourne, 18 Dryburgh Street West Melbourne VIC 3003 is categorized as Shop & Retail Property. It has a floor area of 1 m² and a land area of 915 m². The listing ID for this property is 2019409929.

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