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First Choice Liquor Market, 29-33 Synnot Street (Princes Highway),
Werribee, VIC 3030
Shops & Retail • Showrooms & Large Format Retail • Development Sites & Land
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Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
![Burgess Rawson - Melbourne](https://i1.au.reastatic.net/170x46-fit/950a72b4fe70bbf7151e4d0922124c20a4e049bc768e0e3a6d9299b5721e4ed9/large.jpg)
First Choice Liquor Market, 29-33 Synnot Street (Princes Highway)
Werribee, VIC 3030
Map of First Choice Liquor Market, 29-33 Synnot Street (Princes Highway)
Freestanding Melbourne Coles Group Investment
- New long term lease to Coles Group
- Annual compounding 3% rent increases
- Metro Melbourne growth location
Single, long-term, secure income stream underpinned by top tier lease covenant.
First Choice Liquor Market: a growing chain of 37 stores and wholly owned by Coles Group, $20 billion, ASX-listed retailer.
Significant and strategic corner of Synnot Street (Princes Highway) and Duncans Road within the burgeoning Werribee CBD, supported by Coles, Bunnings Warehouse, McDonald’s, 7-Eleven, KFC and major banks all within 350 metres.
Central Activity Centre Zoned site of 2,543 sqm* offering a combined frontage of 105 metres and exposure to circa 47,000 vehicles daily**.
Directly opposite $49,500,000, 12-level, Holiday Inn/Office/Education development*** (under construction).
Long established liquor store, completely refurbished in June 2019.
Brand new 7 year net lease plus 8 x 5 year options.
Annual fixed, compounding 3% rent increases, ensuring strong and certain rental growth.
Significant depreciation benefits with approximately 33% of year 1 rent potentially tax deductable.****
Coles Group responsible for Land Tax (on a single holding basis) Council Rates, Water Rates, Public Liability Insurance and repairs and maintenance.
Extremely tightly-held large format liquor freehold investment: there have been no sales in the sector so far in 2019 and there were just 3 sales in 2018.
Werribee: booming suburb 32 km* from Melbourne with forecast 88% population growth by 2041.*****
Estimated net rent: $318,000 pa.
For Sale by Auction
12 noon 30 October 2019
River Room, Crown Casino, Melbourne
*All rents, areas and measurements are approximate only, and boundary mark ups are indicative only.
**VicRoads
***Cordell
****Napier & Blakeley
*****forecast.id
First Choice Liquor Market: a growing chain of 37 stores and wholly owned by Coles Group, $20 billion, ASX-listed retailer.
Significant and strategic corner of Synnot Street (Princes Highway) and Duncans Road within the burgeoning Werribee CBD, supported by Coles, Bunnings Warehouse, McDonald’s, 7-Eleven, KFC and major banks all within 350 metres.
Central Activity Centre Zoned site of 2,543 sqm* offering a combined frontage of 105 metres and exposure to circa 47,000 vehicles daily**.
Directly opposite $49,500,000, 12-level, Holiday Inn/Office/Education development*** (under construction).
Long established liquor store, completely refurbished in June 2019.
Brand new 7 year net lease plus 8 x 5 year options.
Annual fixed, compounding 3% rent increases, ensuring strong and certain rental growth.
Significant depreciation benefits with approximately 33% of year 1 rent potentially tax deductable.****
Coles Group responsible for Land Tax (on a single holding basis) Council Rates, Water Rates, Public Liability Insurance and repairs and maintenance.
Extremely tightly-held large format liquor freehold investment: there have been no sales in the sector so far in 2019 and there were just 3 sales in 2018.
Werribee: booming suburb 32 km* from Melbourne with forecast 88% population growth by 2041.*****
Estimated net rent: $318,000 pa.
For Sale by Auction
12 noon 30 October 2019
River Room, Crown Casino, Melbourne
*All rents, areas and measurements are approximate only, and boundary mark ups are indicative only.
**VicRoads
***Cordell
****Napier & Blakeley
*****forecast.id
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Property ID: 503351106Last Updated: 8 Apr 2020
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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