Woolworths Ivanhoe

72-84 Upper Heidelberg Road, Ivanhoe, VIC, 3079, AU

Description

JLL Retail Investments is pleased to offer for sale Woolworths Ivanhoe, an exceptional opportunity to acquire a modern supermarket investment anchored by Australia’s largest grocery retailer in one of Melbourne’s most prestigious inner-metropolitan corridors

The property consists of a full-line 3,552sqm Woolworths supermarket and BWS with 173 car-spaces on title, and occupies a prominent corner position in the heart of Ivanhoe’s vibrant retail precinct, just 7km from the Melbourne CBD.

Key details of the opportunity include:

+ 100% leased to Woolworths Group Limited (ASX: WOW)

+ Secure income stream leased until 2028 with further options through to 2053

+ Modern 3,552sqm ‘full-line ‘Woolworths Supermarket & BWS which recently underwent major refurbishment works

+ Abundant car parking for 173 vehicles on-title (5.01 spaces per 100sqm)

+ Affluent metropolitan suburb with a local median house price over $2m (158% above the Melbourne median)¹

+ Significant depreciation benefits available, with potential for over $2.5m in cumulative tax deductions by 2030.²

+ Strong connectivity with Ivanhoe station 400m away and extensive Eastern Freeway Upgrades underway

+ Minimal management requirements, and Woolworths responsible for the majority of Outgoings payable

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

Stuart Taylor | 0428 000 000

Tom Noonan | 0402 319 698