Both properties are offered to the market subject to a new 10 year lease-back to General Distributors Limited trading as Countdown and who are a subsidiary of ASX listed Woolworths Group (WOW.ASX).
|
Stratford Countdown |
With 2,893sqm of gross floor area, Countdown Stratford employs nearly 100 staff in order to deliver the quality service Countdown is renowned for. Countdown Stratford sits at the prominent northern entrance to Stratford on the Broadway/State Highway 3, approximately 1.4 km from Stratford’s CBD. General Distributors Ltd are committed to the site as evidenced by the signing of a ten year lease with rights extending through to 2081. Some key features of the property are: - 10-year lease to Countdown - 10 rights of renewal of 5 years – final expiry 2081 - $705,000 pa – Net income (approx) - 2,893sqm – total GFA - 8,399sqm – total site area - Constructed in 2015 – A grade seismic rating |
Mosgiel Countdown |
Countdown Mosgiel stands within the popular Dunedin suburb of Mosgiel, a region which has experienced significant levels of population growth in recent years with constant demand for residential sections in the township. The high-quality design and construction of the building is evident, with extra emphasis being placed on landscaping to promote attractive design throughout the area. General Distributors Ltd commitment to the site is clearly evident through Countdown's long lease structure, with rights extending out through to 2081. Some key features of the property are: - 10-year lease to Countdown - 10 rights of renewal of 5 years – final expiry 2081 - $954,557 pa – Net income (approx) - 3,331sqm – total GFA - 12,124sqm – total site area - Constructed in 2017 - A grade seismic rating |
Combined Investment Summary |
Two Outstanding Investment OpportunitiesCountdown Stratford & Countdown Mosgiel are 100% leased to General Distributors Ltd, a subsidiary of the Woolworths Group, a national retail group and the largest in Australasia.Woolworths has over 3,300 stores in Australia and New Zealand including its supermarkets, liquor, hotel and retail divisions. Woolworths employ over 215,000 people to service on average 29 million customers per week enabling them to generate $63.6B AUD in sales in FY20, improving group EBIT by 18% from FY20, and achieving an average growth of 11% over the last four years.
|
The Agents |
|
Colliers International needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, please review our Privacy Policy. |
|