Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Building Area
Land Area ()

Property Description

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

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.
Last Updated Date: 23 Apr 2021
Tom Noonan
Director, Retail Investments
Stuart Taylor
Senior Director - Retail Investments VIC

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+63282312281
Last Updated Date: 23 Apr 2021

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.