Stonebridge Property Group is pleased to announce the off market sale of Woolworths Rosehill for $13.0 million to a Private Investor, reflecting a yield of 5.30%.
Woolworths Rosehill comprises a freestanding Woolworths and BWS store over a gross lettable area of 2,440sqm*. The property occupies a 4,012sqm* site within a primarily residential area with good exposure to James Ruse Drive, a major roadway throughout western Sydney.
Stonebridge Director, Philip Gartland said, “The speed with which this off-market transaction took to complete reflects the current strong demand within the market for standalone supermarket assets.”
“Regardless of the relatively short 2.97 year WALE, the asset was highly sought after due to Woolworth’s strong trading history in this location since 1999 and the exceptional position of the store within an increasingly-dense residential area.”