Coles Express, 137-139 Princes Drive (corner Jane Street),
Morwell, VIC 3840
Shops & Retail • Showrooms & Large Format Retail • Development Sites & Land
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Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
04138603...
Coles Express, 137-139 Princes Drive (corner Jane Street)
Morwell, VIC 3840
Map of Coles Express, 137-139 Princes Drive (corner Jane Street)
Brand New Service Station - 10 + 10 Year Lease To Coles Express
- 10 + 10 Year Lease To Coles Express
- Significant Tax Depreciation Benefits
- Tenant Pays All Usual Outgoings
Brand new 10 year lease to Coles Express (Wesfarmers Ltd) to 2028 plus 10 year option to 2038.
$10k annual rent increases first 4 years – lesser of 3.5% or 5 times CPI thereafter.
Lessee pays all usual outgoings including single holding Land Tax.
Coles Express: growing subsidiary of Coles Group Limited with 685 outlets. Wholly owned by Wesfarmers Limited – a top 10 ASX company.
High profile gateway corner of 3,036 sqm with 111 metre total frontage – 13,000+ vehicles passing daily.
Potential value add opportunity via negotiation with tenant to surrender surplus land.
Important Mixed Use Zoning (MUZ) providing the most flexible future potential.
Brand new development providing substantial taxation saving depreciation benefits.
Morwell: central within Greater Latrobe Valley urban area (population 75,000) regional hub of Gippsland, 145km east of Melbourne.
Rent: $260,000 pa
Auction 11am AEDT Wednesday 24 October 2018
River Room, Crown Casino, Melbourne
$10k annual rent increases first 4 years – lesser of 3.5% or 5 times CPI thereafter.
Lessee pays all usual outgoings including single holding Land Tax.
Coles Express: growing subsidiary of Coles Group Limited with 685 outlets. Wholly owned by Wesfarmers Limited – a top 10 ASX company.
High profile gateway corner of 3,036 sqm with 111 metre total frontage – 13,000+ vehicles passing daily.
Potential value add opportunity via negotiation with tenant to surrender surplus land.
Important Mixed Use Zoning (MUZ) providing the most flexible future potential.
Brand new development providing substantial taxation saving depreciation benefits.
Morwell: central within Greater Latrobe Valley urban area (population 75,000) regional hub of Gippsland, 145km east of Melbourne.
Rent: $260,000 pa
Auction 11am AEDT Wednesday 24 October 2018
River Room, Crown Casino, Melbourne
Property ID: 502971542Last Updated: 25 May 2021
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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