Coles Morwell, 82-116 George Street,
Morwell, VIC 3840
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JLL - Melbourne
Level 33, 101 Collins StreetMELBOURNE, VIC 3000
Coles Morwell, 82-116 George Street
Morwell, VIC 3840
Map of Coles Morwell, 82-116 George Street
Dominant Supermarket Investment
- Strong performing 4,756sqm Coles
- 94% income derived from Coles
- Major refurbishment completed in 2018
JLL Retail Investments is pleased to offer for sale Coles Morwell shopping centre.
The Coles anchored, 5,365 sqm neighbourhood shopping centre provides investors with the ultimate income security with 94% of income underpinned by the ASX listed Coles Group.
Located in the heart of Morwell, the property is positioned near the corner of George Street and Tarwin Street and is easily accessed via the Princes Highway. Morwell is approximately 149kms south east of the Melbourne CBD within the Latrobe Valley.
Coles Morwell is for sale by Expressions of Interest closing 4.00 pm (AEST) Wednesday 26th May 2021.
Investment Highlights
• Anchored by a strong performing, 4,756 sqm Coles supermarket
• 94% of income underpinned by Coles Group
• Net lease structure in Coles lease
• Coles paying percentage rent
• Major refurbishment completed in 2018
• 11,110 sqm, Commercial 1 zoned site located within the heart of the Morwell CBD
• Low average gross specialty rent of $259/sqm, with fixed annual rent reviews
• Fully Leased Net Operating Income of $1,427,038 p.a.
The Coles anchored, 5,365 sqm neighbourhood shopping centre provides investors with the ultimate income security with 94% of income underpinned by the ASX listed Coles Group.
Located in the heart of Morwell, the property is positioned near the corner of George Street and Tarwin Street and is easily accessed via the Princes Highway. Morwell is approximately 149kms south east of the Melbourne CBD within the Latrobe Valley.
Coles Morwell is for sale by Expressions of Interest closing 4.00 pm (AEST) Wednesday 26th May 2021.
Investment Highlights
• Anchored by a strong performing, 4,756 sqm Coles supermarket
• 94% of income underpinned by Coles Group
• Net lease structure in Coles lease
• Coles paying percentage rent
• Major refurbishment completed in 2018
• 11,110 sqm, Commercial 1 zoned site located within the heart of the Morwell CBD
• Low average gross specialty rent of $259/sqm, with fixed annual rent reviews
• Fully Leased Net Operating Income of $1,427,038 p.a.
Property ID: 503811522Last Updated: 22 Jul 2021
JLL - MelbourneLevel 33, 101 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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