Colliers’ Tim McIntosh and Mike Crittenden have, in conjunction with Stonebridge’s Justin Dowers, Kevin Tong and Rorey James, been exclusively appointed to present Aldi West Melbourne to market, a brand-new supermarket, just 800 metres from Melbourne’s CBD.
Aldi West Melbourne presents a unique opportunity to take full ownership of the brand-new 1,595 sqm supermarket on the ground floor of the luxurious residential development, The Marker, by Lechte Corporation, CDL Australia and Crema Group.
Director of Retail Middle Markets at Colliers, Tim McIntosh, said, “Supermarkets continue to be highly sought after by investors who are particularly attracted to the ultra-defensive and recession- proof characteristics coupled with ongoing income growth.”
“The opportunity to acquire a trophy supermarket asset secured by Aldi Australia is exceptionally rare in a prime CBD-fringe location. We anticipate the attractive depreciation benefits and a newly signed 14-year lease with options to 2051 will attract several investors.”
Stonebridge’s Justin Dowers added, “The CPI annual increases capped at 8% provide investors with significant income growth and represents an inflationary-hedged investment opportunity with long- term security to a AAA covenant, are highly attractive benefits in the current environment.”
“In addition, Aldi West Melbourne also benefits from a hyper-convenient location in the heart of West Melbourne, the fastest growing residential and commercial precinct in the CBD fringe that is experiencing a strong annual population growth of 7.8 per cent,” said Mr Dowers.