Freestanding Woolworths Investment in Important Agricultural Hub
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:
+ Leased to subsidiary of Woolworths Group Ltd (ASX: WOW), PFD Foods to 2026 plus options to 2046.
+ 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.
+ 334sqm* cold storage facility incorporating offices, warehouse, cold storage and two RSD’s.
+ High profile 998sqm* highway site with important dual frontage allowing for easy truck drive-thru.
+ Rare to market freestanding Cold Storage Investment.
+ Strategic position in Tasmania’s largest dairy area, with over 30% of the state’s dairy farms situated in Circular Head Council.
+ The largest employer in Smithton is McCains Foods Australia with recent $37 million factory upgrade.
+ Smithton: capital township of shire, accounting for huge 12% of TAS annual agricultural production.
+ Net income: $27,756 pa* + GST
To be sold via Investment Portfolio Auction 157
10.30am AEDT on Tuesday 6 December
Sydney Opera House
12 other PFD Foods (Woolworths) freehold investments are also available.
Contact the Exclusive Selling Agents at Burgess Rawson for further information.
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Smithton, TAS
68 Goldie Street
- Sold Price: Contact Agent
This property was sold as part of Portfolio 157