COLES Richmond Icon

JLL Retail Investments has the exclusive privilege of offering for sale Coles Richmond Icon, an exceptional opportunity of national significance. The asset represents an ultra-rare opportunity to acquire a trophy Coles supermarket investment in one of Australia’s most coveted inner-city locations.

The property benefits from exceptional visibility and retail exposure to Swan Street’s high pedestrian and vehicular traffic and provides convenient basement car parking for approximately 73 vehicles.

The asset occupies a prime corner position on Swan Street in Richmond, just 2km east of Melbourne’s CBD and less than 1km from Melbourne’s premier sports precinct.

Key details of the opportunity include:

+ Securely leased to Coles Group (ASX: COL)

+ Rare 20 year lease, expiry 2035 with attractive 10-year option periods

+ Modern purpose built 3,282sqm ‘full-line ‘Coles Supermarket & Liquorland newly constructed in 2015

+ Prime Inner-City Location just 2km from the Melbourne CBD with median house prices 73% above Melbourne median

+ Exceptional retail exposure with 56m of commanding frontage to Swan Street, one of Melbourne’s premiere high street retail destinations

+ An Icon of Melbourne situated within the iconic Dimmeys Clock Tower building – a treasured Melbourne landmark constructed in 1907

+ High growth retail catchment with Richmond’s population forecasted to expand by 39% by 2046

+ Providing an estimated net income of $1,485,790 p.a. + GST

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

Stuart Taylor | 0428 000 000

Tom Noonan | 0402 319 698

MingXuan Li 李名轩 | 0498 688 998