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10 YEAR TRIPLE NET SALE & LEASE BACK - #1
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10 YEAR TRIPLE NET SALE & LEASE BACK - #8

For Sale

Expressions of Interest closing 29th Oct 2021 Colliers
Colliers Industrial Capital Markets, as exclusive selling agents, are pleased to offer for sale 10 Albertson Road, Barnawartha North, Victoria (The Wine Depot Distribution Centre), a long-term, secure sale & leaseback to Wine Depot, with significant development upside.

Underpinned by the security of ASX listed Digital Wine Ventures Limited (ASX: DW8), the offering benefits from the following captivating features:

•Initial 10-year sale & lease back to strong national tenant covenant Wine Depot
•Modern 2005 built distribution centre totaling 7,252m² of high-quality improvements
•Opportunity to expand the existing facility by 1,470m² and construct an additional freestanding distribution centre of 9,300m² upon the surplus land with lease pre-commitment from Wine Depot
•Triple net lease structure providing a strong running yield
•Net passing income of $660,000 p.a. with fixed 3.00% annual rent reviews
•Substantial regular shaped 40,200m² freehold land holding
•Strategic location within Albury-Wodonga’s major distribution and freight hub
•Superb connectivity positioned nearby Australia’s premium freight corridor – the Hume Highway

The Wine Depot Distribution Centre is offered for sale via Expressions of Interest closing 4:00pm (AEDT) Friday, 29th October 2021.
  • 23/12/2021
  • Contact our experts for details on this transaction