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Colliers - Sydney

10 Albertson Road Barnawartha North, VIC 3691

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10 Albertson Road,
Barnawartha North, VIC 3691

Warehouse, Factory & Industrial

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Colliers - Sydney
Sean Thomson
Nick Saunders
Gavin Bishop

Colliers - Sydney

Level 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000
Colliers - Sydney
10 Albertson Road
Barnawartha North, VIC 3691

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10 YEAR TRIPLE NET SALE & LEASE BACK

  • 10-year initial lease term
  • ASX listed tenant covenant
  • Highly sophisticated distribution centre
Colliers Industrial Capital Markets, as exclusive selling agents, are pleased to offer for sale 10 Albertson Road, Barnawartha North, Victoria (The Wine Depot Distribution Centre), a long-term, secure sale & leaseback to Wine Depot, with significant development upside.

Underpinned by the security of ASX listed Digital Wine Ventures Limited (ASX: DW8), the offering benefits from the following captivating features:

• Initial 10-year sale & lease back to strong national tenant covenant Wine Depot
• Modern 2005 built distribution centre totaling 7,252m² of high-quality improvements
• Opportunity to expand the existing facility by 1,470m² and construct an additional freestanding distribution centre of 9,300m² upon the surplus land with lease pre-commitment from Wine Depot
• Triple net lease structure providing a strong running yield
• Net passing income of $660,000 p.a. with fixed 3.00% annual rent reviews
• Substantial regular shaped 40,200m² freehold land holding
• Strategic location within Albury-Wodonga’s major distribution and freight hub
• Superb connectivity positioned nearby Australia’s premium freight corridor – the Hume Highway

The Wine Depot Distribution Centre is offered for sale via Expressions of Interest closing 4:00pm (AEDT) Friday, 29th October 2021.

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Property ID: 503919974Last Updated: 3 Mar 2022

Colliers - Sydney
Level 30, Grosvenor Place, 225 George Street
SYDNEY, NSW 2000
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