• Sold
Modern Discount Department Store Secured by Woolworths Limited
Modern Discount Department Store Secured by Woolworths Limited
Modern Discount Department Store Secured by Woolworths Limited
Modern Discount Department Store Secured by Woolworths Limited

For Sale

Expressions of Interest 16th Oct 2019 Colliers International, Level 30, Grosvenor Place, 225 George Street Sydney
Colliers International is excited to present a rare opportunity to acquire a dominant freestanding discount department store anchored by an ASX top 10 covenant featuring attractive double digit returns.

Key investment highlights include:

- Huge 10,200sqm* of favourable B2 Local Centre land
- Modern building of 7,869sqm* built in 2010
- Anchored by Big W, a Woolworths secured covenant
- Situated within Inverell Town Centre, a large and growing regional town
- Adjacent to ‘full line’ Woolworths and Coles Supermarkets
- Approx. 125km to nearest competing discount department store (Target Country Inverell planned for closure November 2019)
- Strong moving annual turnover (MAT)
- Passing Net Income of $1,657,907 per annum anchored by Big W
- Weighted Average Lease Expiry of 8.29 years

Big W Inverell will be sold via an Expressions of Interest campaign closing 16 October 2019.

For further information please contact the exclusive listing agents.

*Approx.

Property Details

  • 23/05/2020
  • Contact our experts for details on this transaction