A rare opportunity has arisen to acquire a full-line Woolworths supermarket paying turnover rental, based in the heart of Umina, an established residential precinct within the NSW Central Coast 90km north of Sydney CBD.

Despite Coles and Aldi trading within 300 metres, Woolworths Umina Beach is the dominant and largest supermarket in its catchment trading 20% above Urbis benchmark.

Featuring a rare 18 year lease with attractive 10-year option periods, this opportunity comes at an important time in the market when there is incredibly limited supply of freehold supermarket investments in New South Wales.

Based at 261-274 West Street, Umina, the supermarket, with 4,451 sqm total site area and 3,865 sqm total in GLA, has a low occupancy cost of 2.50%, highlighting the strength of store performance and profitability.

Woolworths Umina Beach is exclusively listed with the Colliers team of James Wilson and Ben Wilkinson.

“Woolworths Umina Beach is the first NSW freehold supermarket to be publicly marketed in over 12 months.  Colliers anticipate incredibly strong interest from predominantly domestic and offshore private investors due to pent up demand from new and existing supermarket mandates,” said James Wilson, Head of Retail Middle Markets, Australia.

“Featuring a WALE of 6.64 years by GLA and Income, Woolworths Umina Beach offers exceptional long-term security, with Woolworths Supermarket currently paying turnover rent. Strong supermarket performance is supported by a population density 10x the Central Coast average,” said Ben Wilkinson, NSW Manager of Retail Middle Markets.

Woolworths Umina Beach occupies a prime retail position within Umina – offering significant site exposure, courtesy of 230 metres of triple street frontage along West Street, Bullion Street, and Trafalgar Avenue. The Centre offers convenient access for both residents and tourists, with 118 basement car parking spaces and ample adjacent council car parking. Woolworths Umina Beach stands as the largest freestanding supermarket offering in the catchment.

Umina Beach is a popular vibrant coastal town for both families and tourists, with a population in excess of 18,125. The Centre benefits from its strategic location within the Central Coast Council, which is home to an additional 305,000+ residents and is the sixth largest urban area in Australia. The Central Coast Council supports 140,478 local jobs, producing over $18.79 billion in Gross Regional Product. The top 3 industries in the region are healthcare and social assistance, construction, and retail trade.

Woolworths Umina Beach is for sale by an Expressions of Interest campaign closing on Thursday 17th October 2024 at 2pm (AEDT).

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