• Sold
First Freestanding Sydney Metropolitan Supermarket Investment Offered in 2019
First Freestanding Sydney Metropolitan Supermarket Investment Offered in 2019
First Freestanding Sydney Metropolitan Supermarket Investment Offered in 2019
First Freestanding Sydney Metropolitan Supermarket Investment Offered in 2019
First Freestanding Sydney Metropolitan Supermarket Investment Offered in 2019
First Freestanding Sydney Metropolitan Supermarket Investment Offered in 2019

For Sale

Expressions of Interest 5th Dec 2019 Sydney

Coles West Ryde

Coles West Ryde is a modern 3,985 square metre stratum titled supermarket comprising a full-line Coles supermarket and Liquorland store under a single lease. The opportunity represents the first Sydney metropolitan freestanding supermarket investment opportunity to be marketed in 2019 with no speciality tenants.

The Centre is located in the affluent Northern Suburbs of Sydney, approximately 15.4 kilometres from Sydney CBD and 8.7 kilometres from Parramatta CBD.

The Coles and Liquorland tenancies are secured by an industry leading 12-year net lease structure, with options to 2072. The Centre provides a highly defensive income stream underpinned by non-discretionary retail sales.

Coles West Ryde is conveniently situated on the ground floor of a medium density residential development known as Central Square. The retail centre provides underground car parking for approximately 300 car spaces.

This premium opportunity to invest in a metropolitan Sydney Freestanding Supermarket is being exclusively marketed by Colliers International.

Investment Highlights:

- Attractive 12 year net lease structure featuring online sales included in turnover rent calculations
- Extremely rare freestanding Sydney metropolitan offering
-100% of income and GLA secured by ASX top 30 company
- Highly exposed and convenient site in established retail precinct
- Only full-line Coles supermarket in MTA
- Non-discretionary expenditure in MTA forecast to grow at 5.5% p.a. to 2031

For Sale by Expressions of Interest Closing Thursday, 5 December 2019 at 2pm (AEDT)

Property Details

  • 25/04/2020
  • Contact our experts for details on this transaction