Freestanding Cold Storage Investment to Woolworths Group: PFD Foods

Description

Burgess Rawson is pleased to offer to the market the PFD Foods (Woolworths) Portfolio, for sale via Investment Portfolio Auction 157.

This investment has the following key investment highlights:

+ Securely leased to subsidiary of Woolworths Group Ltd (ASX: WOW), PFD Foods to 2031 plus options to 2066.
+ Woolworths Group is Australia’s #1 retailer, with sales of $60.9 billion in FY2022 (1).
+ PFD Foods is one of Australia’s largest food service distributors and part of Woolworths’ B2B Food division with Q1 FY23 sales up 26%.
+ Attractive landlord-favourable, net lease structure; PFD Foods (Woolworths) pay rates, land tax, building insurance, public liability insurance, management fees and repairs and maintenance.
+ Guaranteed rental growth with fixed annual rent increases.
+ Significant 4,047sqm landholding within Albury’s industrial precinct.
+ Rare to market freestanding Cold Storage Investment.
+ Albury/Wodonga is one of Australia’s most important regional centres with 100,435 residents, forecast to grow 24.2% by 2036**.
+ Net income: $89,333pa + GST.

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 6 December 2022
Yallamundi Rooms, Sydney Opera House

12 other PFD Foods (Woolworths) freehold investments are also available.

Please contact the exclusively appointed Burgess Rawson team for more information.

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Yosh Mendis Head of Agency | Partner
0434 413 188
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Albury, NSW

970 Carcoola Street

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 157

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