Description

JLL Retail Investments presents IGA Kyneton for sale by Expressions of Interest – a freestanding purpose-built supermarket anchored by a brand-new five-year lease to a proven multi-store operator under the IGA network, supported by Metcash (ASX:MTS).

Located in the thriving regional hub of Kyneton, the asset comprises 1,288 sqm of GLA on a prominent 1,712 sqm Commercial 1 Zone (C1Z) site, with over 40 metres of high-exposure frontage to main arterial, Mollison Street.

Kyneton sits within the Macedon Ranges Shire, approximately 88km northwest of Melbourne, one of Victoria's fastest-growing regional economies. The shire attracts 1.6 million visitors annually and boasts a population forecast to grow by 32% to 75,303 residents by 2046.

Key Investment Highlights:

+ Purpose-built supermarket, trading 20+ years with a multi-store operator, delivering long-term income security.

+ IGA Supermarkets: major 1,200+ network, supported by Metcash Limited (ASX: MTS), a retail powerhouse with $19B+ in FY 2026 revenue.

+ Prominent 1,712 sqm C1Z site with 40+ metres of high-exposure frontage to Mollison Street with seamless access to 43 car parks at the rear.

+ 1,288sqm of GLA, incorporating grocery and liquor.

+ Percentage rent upside and 2% fixed annual rent increases through to 2050 (incl. options) with no market review risk.

+ Sustainable supermarket occupancy cost at 4.3% ensuring long-term tenant stability.

+ Desirable NET lease structure with the tenant paying all usual outgoings as per the lease.

+ Located within the Macedon Ranges Shire, generating $457 million in annual visitor expenditure, attracting 1.6 million visitors each year and forecast to surge +32% in population by 2046.

+ Kyneton: dominant anchor of the Macedon Ranges, undergoing rapid expansion, highlighted by the ‘Kyneton on Riverside’ estate and the $150m Cornerstone Kyneton, a large format retail and mixed-use precinct, anchored by Bunnings.

+ Rare sub $5M freestanding supermarket price point and 1 of only 3 to be offered to market in Victoria this year.

+ Potential 50% stamp duty savings.

+ Net income: $242,596 pa + GST (as at Nov 2026)

IGA Kyneton is for sale by Expressions of Interest closing Thursday the 15^th of October 2026 at 4:00pm (AEDT).

To obtain further information, contact JLL Retail Investments below:

Romanor Falconer | +61 400 757 171

Tom Noonan | +61 402 319 698

All figures approximate.

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