The transaction was handled by Nathan Mufale, JJ Heng, Scott Hawthorne and Jaycen Willox.

The freestanding supermarket is located approximately 40km* east of the Melbourne CBD in the Yarra Ranges Shire and was built in the 1980’s. 

The strong performing 6,900sqm freestanding Woolworths supermarket has been trading on the site since the 1980’s - servicing the region for over 40 years and recently underwent a substantial refurbishment in 2016. Woolworths Monbulk enjoys a 20-year triple net lease, further strengthened by available options until 2064.

“20 offers were lodged to buy the property following a highly competitive on-market campaign, demonstrating the appetite for secure retail investments across all areas of Victoria” said Mr Mufale.

Read further details about Woolworths Monbulk in the article published on COMMO 23rd July 2023, click here: Freestanding Metropolitan Melbourne Woolworths for sale by CBRE

The property was acquired by a first time entrant to the Australian commercial property sector who resides in China and was attracted to the blue-chip nature of the tenant.

“They did not place much emphasis on the scale of the landholding due to the limited scope for development upside given the location, however they were attracted to the net lease structure and secure lease term of 10 years” said Mr Heng.

The result is testament to the time invested by the CBRE Asia Desk into educating the Asian market on a range of different asset classes and property nuances, which has played a significant role in achieving a result that defies the odds and market expectations.

“Investors in China, Singapore, Hong Kong and Taiwan want more investments in Australia due to the stable economic & political landscape” Mr Heng continued.

“Many overseas investors are looking to migrate to Australia and want to be set-up with an array of blue-chip assets for when they are settle into the country” Mr Heng continued.

To request a sales analysis please contact one of the marketing agents CBRE’s Nathan Mufale, Scott Hawthorne, JJ Heng and Jaycen Willox via the contact details below. 

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