Coles Lalor, 41-71 May Road,
Lalor, VIC 3075

Shops & Retail • Showrooms & Large Format Retail • Offices

Key property information

Land area

Floor area

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Stonebridge Property Group - Melbourne

Level 19, 627 Chapel Street
SOUTH YARRA, VIC 3141

Coles Lalor, 41-71 May Road

Lalor, VIC 3075

Map of Coles Lalor, 41-71 May Road

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Freestanding Metro Melbourne Coles Supermarket

Rare NET Lease To Coles Until 2028
In Excess Of Percentage Rent Threshold
Income + Landbank Opportunity

Stonebridge Property Group is delighted to present for sale a 100% freehold interest in Coles Lalor, a Melbourne metropolitan freestanding supermarket, only 16 km* from the Melbourne CBD.

The key highlights of the opportunity include:

- Secured by a rare NET lease to Coles (2,783 sqm* GLA)^ until 2028 plus 4x5 year options

- Strong income growth potential with current annual turnover in excess of percentage rent threshold^^

- High profile 3,365 sqm* metro landholding (Commercial 1 Zoned) at the heart of the Lalor retail precinct

- High underlying land value providing an income generating, land banking opportunity

- Low occupancy cost ratio identifying a significantly under market rental level ($148 per sqm)

*Approx.
^ Area based on rough estimate from scale drawing
^^ As at 31-Dec-21

To obtain further information, please contact Stonebridge Property Group.

Justin Dowers
0438 098 8...

Kevin Tong
0422 848 8...

Rorey James
0439 400 0...

Property Code: 372

Lalor, 3075 demographic data

The median household income for Lalor is $1,348, 29% lower than Greater Melbourne's household income of $1,901. Lalor has a similar age profile compared to the rest of Greater Melbourne (median age 37). Property ownership data shows 43% of property owners in Lalor have a mortgage.

23,219

Population

$1,348 per week

Median household income

37 years

Median age

Owners

Most residents

Families

Most households

Stonebridge Property Group - Melbourne

Level 19, 627 Chapel Street
SOUTH YARRA, VIC 3141