Coles, 104 Lonsdale Street,
Hamilton, VIC 3300
Shops & Retail • Showrooms & Large Format Retail • Other
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CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
04118608...
Coles, 104 Lonsdale Street
Hamilton, VIC 3300
Map of Coles, 104 Lonsdale Street
Dominant New Freestanding Coles Supermarket Investment
- Rare Net Lease Structure
- Immediate Rental Growth
- High Performer Just 0.66% Off Turnover
20 year lease to 2035 plus 2 x 10 year options
New (2015) full line 3,870 sqm store including liquor
High performer just 0.66% off turnover threshold
Coles: Iconic Australian retailer, major 5.8% increase in sales Q1/19
The perfect Landlord lease with Coles paying outgoings, internet sales included, and non-deescalating percentage rent from an early threshold
Outstanding turnover, up 20% since May 2016 and on track for percentage rent prior to settlement
Important 5 yearly base rent reviews – next due May 2020
Superior CBD location with very little threat of new stores
Significant Commercial 1-zoned, 11,584 sqm landholding with 156 at-grade car spaces on title and access to a further 100 integrated spaces
Hamilton: Important commercial service centre servicing 20,000+ trade catchment, geographically protected from competing commercial centres
Net Rent: $1,194,900 pa (Projected Dec 2019 net rent: $1,237,855 pa)
Auction 11am AEDT Wednesday 12 December 2018
River Room, Crown Casino, Melbourne
New (2015) full line 3,870 sqm store including liquor
High performer just 0.66% off turnover threshold
Coles: Iconic Australian retailer, major 5.8% increase in sales Q1/19
The perfect Landlord lease with Coles paying outgoings, internet sales included, and non-deescalating percentage rent from an early threshold
Outstanding turnover, up 20% since May 2016 and on track for percentage rent prior to settlement
Important 5 yearly base rent reviews – next due May 2020
Superior CBD location with very little threat of new stores
Significant Commercial 1-zoned, 11,584 sqm landholding with 156 at-grade car spaces on title and access to a further 100 integrated spaces
Hamilton: Important commercial service centre servicing 20,000+ trade catchment, geographically protected from competing commercial centres
Net Rent: $1,194,900 pa (Projected Dec 2019 net rent: $1,237,855 pa)
Auction 11am AEDT Wednesday 12 December 2018
River Room, Crown Casino, Melbourne
Hamilton, 3300 demographic data
The median household income for Hamilton is $1,247, 10% lower than Regional Victoria's household income of $1,386. Hamilton has an older age profile compared to the rest of Regional Victoria (median age 45 vs 43). Property ownership data shows 42% of property owners in Hamilton have a mortgage.
10,346
Population
$1,247 per week
Median household income
45 years
Median age
Owners
Most residents
Families
Most households
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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