Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Building Area
Land Area ()

Property Description

JLL Retail Investments is pleased to offer for sale Coles Morwell shopping centre.


The Coles anchored, 5,365 sqm neighbourhood shopping centre provides investors with the ultimate income security with 94% of income underpinned by the ASX listed Coles Group.


Located in the heart of Morwell, the property is positioned near the corner of George Street and Tarwin Street and is easily accessed via the Princes Highway. Morwell is approximately 149kms south east of the Melbourne CBD within the Latrobe Valley.


Coles Morwell is for sale by Expressions of Interest closing 4.00 pm (AEST) Wednesday 26th May 2021.



Investment Highlights

Investment Highlights

  • Anchored by a strong performing, 4,756 sqm Coles supermarket
  • 94% of income underpinned by Coles Group
  • Net lease structure in Coles lease
  • Coles paying percentage rent
  • Major refurbishment completed in 2018
  • 11,110 sqm, Commercial 1 zoned site located within the heart of the Morwell CBD
  • Low average gross specialty rent of $259/sqm, with fixed annual rent reviews
  • Fully Leased Net Operating Income of $1,427,038 p.a.
Last Updated Date: 23 Apr 2021
Tom Noonan
Director, Retail Investments
Stuart Taylor
Senior Director - Retail Investments VIC

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Last Updated Date: 23 Apr 2021

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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