The West Gosford home of Dan Murphy’s for sale amid ongoing buyer demand for long-leased retail investment opportunities. CBRE James Douglas and Harry George have been appointed to steer the sale campaign for the high profile, 67 Central Coast Highway site.
The West Gosford home of Dan Murphy’s for sale amid ongoing buyer demand for long-leased retail investment opportunities. CBRE James Douglas and Harry George have been appointed to steer the sale campaign for the high profile, 67 Central Coast Highway site.
A key buyer drawcard will be the property’s 20-year lease to 2031, with options until 2051, backed by the ASX-listed Endeavour Group.
“It’s a rare opportunity to acquire a highly secure and defensive investment opportunity with strong income growth potential, with Dan Murphy’s in excess of its sales threshold and paying percentage rent,” Mr Douglas said.
The modern 1,426sqm store is situated on a prominent 3,748sqm site, which offers parking for 57 cars and excellent exposure to the Central Coast Highway, a major multi-lane arterial thoroughfare connecting the Central Coast region with Sydney.
Mr Douglas noted that in addition to the tenure and income growth potential, investors would be attracted to the freehold nature and depreciation benefits of the investment.
The asset’s prime and highly accessible location within a densely populated growth corridor was another strong drawcard for the asset, Mr George added.
To request a copy of the Information Memorandum please contact one of the marketing agents CBRE James Douglas and Harry George via the contact details below.