Stonebridge’s September Portfolio comprises 12 premium investments across the Eastern Seaboard, with assets spread throughout the popular sectors of supermarkets, tyre & auto, freestanding retail and fuel & convenience, with leases in place to ASX listed and national tenant groups such as ALDI, Metcash, K-Mart, EG Group, 7-Eleven and Total Tools.
Leading the portfolio is a rarely offered freestanding ALDI supermarket in the popular Southern Highlands of NSW. The Moss Vale site occupies a valuable 6,093 sqm* landholding and possesses favourable mixed use zoning. Newly built in 2019, the property carries a 15 year lease to the global supermarket giant through to 2034 with favourable CPI annual rent increases.
Commenting on the offering, Stonebridge Partner Michael Collins noted “ALDI Moss Vale is one of only two freestanding supermarkets to be offered for sale across NSW in 2023, with pent up demand for assets of this nature anticipated to drive significant interest from the private investment community. The Southern Highlands is a particularly sought after region and commercial investment opportunities of this nature are scarce, especially those which carry set-and-forget fundamentals such as ALDI Moss Vale.”
In Victoria, three high profile assets are tipped to draw national attention, including Sunbury Showrooms, Ringwood’s ‘The Sebel’ Hotel and ‘The Dava’ Hotel on the picturesque Mornington Peninsula. Hosting an array of national tenants including The Good Guys, Total Tools, Repco and Petstock, Sunbury Showrooms provides strong rental growth and returns $1,169,009 per annum. The Sebel Hotel will appeal to private investors and operators alike, with optionality for vacant possession of the newly built 103 room facility in the commercial heart of Ringwood. The properties meet a wide array of investment mandates, with values spanning from $10m to $30m+.
Catering to strong demand for tyre & auto and freestanding retail investments, a number of opportunities in Southeast Queensland and Victoria are available. In Caboolture, 35km north of Brisbane, a valuable premises leased to the $5.6B auto giant Yokohama is up for grabs, spanning an expansive 4,467 sqm* site. Likely to sell well below replacement cost of land & buildings, the newly developed property is secured by a new 5 and 7 year lease to 2028. The quality Victorian offerings comprise a freestanding Dulux asset at South Morang and a standalone Autobarn in Colac. Both modern assets will be offered for sale via National Portfolio Auction, alongside a proven Autopro leased property at Warwick in Queensland.
Three prime fuel & convenience assets will also rev up Stonebridge’s September portfolio. An EG leased property only 13km from Melbourne’s CBD at Altona North poses a rare opportunity for investors and occupiers. The strong trading site is leased to EG until 2024 with no further options and is strategically positioned adjacent to Vicinity’s Altona Gate Shopping Centre. In Brisbane, a brand new 7-Eleven anchored investment at Cornubia is also for sale. The property sits on a booming arterial exposed to 39,000 vehicles daily and is set across a large 4,063 sqm* site. 7-Eleven have committed to a new 15 year lease through to 2037 plus options. Further south on the Gold Coast, a valuable 7-Eleven investment at Runaway Bay will fuel national interest, positioned on a key corner site with strong underlying land value, amongst a high density and affluent catchment.
Rounding out the portfolio, a high yielding IGA anchored convenience retail centre in Sarina, near Mackay, has been listed. This dominant centre is anchored by listed heavyweights Metcash (Supa IGA) and Kmart. 84% of income is secured by ASX or national retailers with the property comprising a significant 2.14 Ha site with 318 car parks.
Kevin Tong, Stonebridge’s Asia Practice Partner, who recently returned from a roadshow of Asia said “Our September Portfolio is set to draw major interest from Asian buyers. The key theme following our trip to Hong Kong, Ghungzhou, Shanghai and Singapore is that Asian-based capital, particularly from China, continues to view Australia as a safe haven investment destination. These buyers are seeking income producing, land rich assets secured by blue chip style tenants in defensive industries. Our September offerings will no doubt appeal to these aggressive groups who are becoming increasingly strong bidders across our investment campaigns.“
Stonebridge’s August National Portfolio Auction is to be held at 11am on Wednesday 20th September, with the Expressions of Interest campaigns closing Thursday 21st August at 5pm.
Tom Moreland | +61 408 072 822 | TMoreland@stonebridge.com.au
Michael Collins | + 61 404 023 204 | MCollins@stonebridge.com.au
Rorey James | + 61 439 400 018 | RJames@stonebridge.com.au
Kevin Tong | +61 422 848 818 | KTong@stonebridge.com.au
Justin Dowers | +61 438 098 805 | JDowers@stonebridge.com.au
Philip Gartland | +61 403 582 324 | PGartland@stonebridge.com.au
Alex James Elliott | +61 407 651 373 | AJameselliott@stonebridge.com.au
Nic Hage | +61 448 782 594 | NHage@stonebridge.com.au
Thomas Proberts | +61 439 588 019 | TProberts@stonebridge.com.au
James Freemantle | +61 421 140 876 | JFreemantle@stonebridge.com.au
Harry Curtain | +61 438 684 800 | HCurtain@stonebridge.com.au
