Significant Coles-backed Melbourne Investment Opportunity up for Auction

A strategic Coles-leased site in one of Melbourne’s most prestigious suburbs is set to go under the hammer in a sale tipped to generate significant investor interest.

The Malvern property is being exclusively marketed by CBRE’s Sam Guest, Jamie Hess and David Minty, together with First Valuations Group’s Mark Ruttner, providing a rare opportunity to acquire an asset with a highly sought after Coles’ lease covenant.

The 780sqm, 1 Edsall Street property plays a crucial role in the day-to-day operation of the adjoining Coles supermarket, underpinning the long-term, strategic importance of the asset.

Jamie Hess, who heads CBRE’s Victorian Retail Capital Markets team alongside Sam Guest, noted, “The site’s integration with the adjoining Coles supermarket and its prime Malvern location make it an exceptionally attractive opportunity for investors seeking long-term income security.”

Mr Guest said the sale was being steered on behalf of a private ownership group, presenting a rare opportunity to acquire a blue-chip investment in one of Melbourne’s most tightly held retail markets.

“Given its strategic importance, strong local catchment, and lease to a high performing Australian retailer, this asset is poised to attract local, interstate and international investor interest,” Mr Guest said.

The property will be auctioned on-site on Friday 27th June at 12:30 p.m.