Stonebridge is pleased to present Petstock Grafton for sale via National Portfolio Auction held on Wednesday 27 November 2024 at 11am (AEDT).
The asset has the following key investment features:
- 7-year lease to 2030 + options to 2044 with fixed annual rent increases
- Petstock - Dominant Woolworths owned retailer, operating 200+ locations nationally and boasting a $1.46 billion* valuation
- High-profile 1,547 sqm* site, improved by modern concrete tilt panel retail asset completed in 2023, offering strong depreciation benefits
- Prime location in Grafton’s key retail precinct, directly opposite Bunnings, plus near McDonald’s, Hungry Jacks, Coles, BP, BCF, Supercheap Auto and Autobarn
- Highly connected location on the New Grafton Bridge roundabout, linking the Grafton CBD to Ballina, Byron Bay, Coffs Harbour and beyond via the Pacific Mwy
- Opposite approved $25 million* homemaker development and 600m* from the $240 million New Grafton Bridge, facilitating more than 25,300* daily crossings over the Clarence River
- Strong retail catchment only 1.4 km* from Grafton CBD and Grafton Shopping World, which welcomes over 4.2 million visitors annually*
- Grafton – Key city in the NSW Northern Rivers region and major contributor to its thriving $17.3 billion* economy, over $1.35 billion* in publicly funded projects underway
- Net Income $175,360 pa* + GST
Petstock Grafton for sale via National Portfolio Auction held on Wednesday 27 November 2024 at 11am (AEDT). Please contact the exclusively appointed Stonebridge property professionals for more information.
*Approximately
Property Code: 1119