Winedepot NDC. 7,252sqm & can expand another 1,470sqm = 8,722sqm. Can also expand onto adjoining 9,300sqm site.
Currently for sale with leaseback to Winedepot for 10 years at $660k pa with 3% annual increase. With a few employees, power, rates etc about $0.9-$1M per year cashflow goes here.
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.
https://www.commercialrealestate.com.au/property/10-albertson-road-barnawartha-north-vic-3691-2017289442
(20min delay)