Stonebridge Property Group are pleased to offer for sale Coles Middle Camberwell, an intergenerational freehold investment of immense quality in a tightly held inner Melbourne location.
Key investment highlights include:
- State of the art two level building with three levels of car parking, purpose built to the highest standard by Coles Group in 2018
- Irreplaceable and carefully amalgamated 4,425 sqm* Commercial 1 zoned land holding in the heart of Camberwell
- Anchored by a brand new 10-year NET lease to Coles, providing excellent protection against inflationary pressures
- The Coles lease ensures that this asset is an extremely simple management proposition for an incoming investor, with most day-to-day operations taken care of by the Lessee
- Camberwell is an extremely affluent suburb with 43.6% of households earning more than $3,000 per week^ and house prices 2.5x the metropolitan Melbourne median^^
- Ultra-convenient three level ground and basement car parking for 209 vehicles (1 per 19.8 sqm GLAR*) with vehicle detection system
- 3,957 sqm* full-line Coles Supermarket and Liquorland supported by two specialty retail premises
- Premium quality, modern building with significant depreciation potential
*Approximate
^ ABS Census 2021
^^ REIV
To obtain further information, please contact the exclusive selling agents Stonebridge Property Group.
Justin Dowers
0438 098 805
Kevin Tong
0422 848 818
Philip Gartland
0403 582 324
Property Code: 489