Coles Morwell, 82-116 George Street,
Morwell, VIC 3840
Shops & Retail
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Parking info
Property extent
Tenure type
Sold on
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
Strong Performing Coles & Liquorland + 7 Shops
- Coles Paying Percentage Rent
- Rare NET Lease Structure
- 92% of income underpinned by Coles
JLL Retail Investments in conjunction with Stonebridge have the privilege in offering for sale Coles Morwell Shopping Centre.
A rare opportunity to acquire a refurbished Coles Supermarket & Liquorland anchored asset with seven convenience-based specialty shops.
Key details of the opportunity include:
+ Anchored by a high performing 4,756 sqm Coles Supermarket
+ 92% of income underpinned by Coles Group
+ Rare NET lease in place with ~90% of outgoings fully recoverable by Coles.
+ Commanding 11,110 sqm activity centre zoned landholding
+ Exceptional parking with 259 at-grade and under croft car bays
+ Potential 50% stamp duty savings available
*Approx.
Coles Morwell is For Sale by Expressions of Interest closing Wednesday 10th April 2024 at 3pm (AEST)
To obtain further information or to arrange an inspection, please contact the agents below:
JLL Agents:
Stuart Taylor | 0428 000 0...
Tom Noonan | 0402 319 6...
MingXuan Li 李明轩 | 0498 688 998
Stonebridge Agents:
Justin Dowers | 0438 098 8...
Phillip Gartland | 0403 582 324
Kevin Tong | 0422 848 818
Coles Paying Percentage Rent
Rare NET Lease Structure
92% of income underpinned by Coles
A rare opportunity to acquire a refurbished Coles Supermarket & Liquorland anchored asset with seven convenience-based specialty shops.
Key details of the opportunity include:
+ Anchored by a high performing 4,756 sqm Coles Supermarket
+ 92% of income underpinned by Coles Group
+ Rare NET lease in place with ~90% of outgoings fully recoverable by Coles.
+ Commanding 11,110 sqm activity centre zoned landholding
+ Exceptional parking with 259 at-grade and under croft car bays
+ Potential 50% stamp duty savings available
*Approx.
Coles Morwell is For Sale by Expressions of Interest closing Wednesday 10th April 2024 at 3pm (AEST)
To obtain further information or to arrange an inspection, please contact the agents below:
JLL Agents:
Stuart Taylor | 0428 000 0...
Tom Noonan | 0402 319 6...
MingXuan Li 李明轩 | 0498 688 998
Stonebridge Agents:
Justin Dowers | 0438 098 8...
Phillip Gartland | 0403 582 324
Kevin Tong | 0422 848 818
Coles Paying Percentage Rent
Rare NET Lease Structure
92% of income underpinned by Coles
Property ID: 504535724Last Updated: 2 Dec 2024
JLL - MelbourneLevel 33, 101 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Stonebridge Property Group - MelbourneLevel 19, 627 Chapel Street
SOUTH YARRA, VIC 3141
SOUTH YARRA, VIC 3141
More properties from JLL - Melbourne
Other properties you might be interested in based on the location and property type you are looking at.
