Stonebridge Property Group is pleased to advise Coles Swan Hill Shopping Centre is now Under Contract.
A dominant Coles Supermarket & Liquorland + 4 shops in the thriving regional Victoria location.
The key highlights of the opportunity include:
- Coles, Liquorland + 4 shops over a total lettable area of 3,452sqm*
- 85%* of gross rent is secured to Coles and Liquorland (Net Leases)
- Dominant Coles Supermarket: trading 40% in excess of benchmarks1 and in excess of turnover rent threshold
- Outstanding income growth potential, with a Coles rent review in Aug-21
- Low average gross specialty rentals of $565 per sqm* with annual rent reviews
- 8,203sqm* Commercial 1 Zoned site in a prime town centre position with convenient at-grade parking for 142 cars
- Booming agriculture and domestic tourism location at the heart of the Murray River Region of Victoria
- Estimated net income of $1.1 million per annum*
1Jan-21 MAT (excl. GST) on $/sqm basis compared to Macroplan benchmark
To obtain further information, please contact our exclusive selling agents.