Coles Supermarket Pacific Pines, 2 Norris Street

Pacific Pines QLD

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Peter Tyson
0418 725 155
07 3002 8807
Steven Lerche

0414 467 216
02 8215 8929

   Property Description
Coles Pacific Pines

Coles Pacific Pines comprises a brand-new, freestanding “state of the art” full-line Coles Supermarket and Liquorland Store, completed in November 2016. Situated on a 10,150sq m* corner site, the complex features a gross floor area of 3,717sq m* with convenient on site grade-level and under-croft parking for 194 vehicles*. The complex is 100% leased to ASX-Top10 Wesfarmers Limited subsidiary, Coles Supermarkets Australia Pty Ltd, on a new 15 year net lease, with four 10 year options until 2072*.

The property is strategically located on a high-profile three-street corner site in the heart of the Gold Coast's booming Northern growth corridor.

Key features of this outstanding opportunity include:

  • Brand new 3,717sq m* freestanding Coles Supermarket incorporating a 150sq m* Liquorland store (GFA)
  • Prime metropolitan Gold Coast location, 10km* radially from Surfers Paradise
  • New long term 15 net year lease to Coles plus 4 x 10 year options until 2072
  • Rare net lease - Coles pays all operating expenses
  • High performing Coles Supermarket & Liquorland Store (under one lease)
  • Blue chip tenant Coles Supermarkets Australia Pty Ltd - part of Wesfarmers Limited (ASX Top 10)
  • Strong population growth corridor - High profile location on major intersection
  • Convenient onsite grade level & undercroft parking for 194 vehicles*
  • Blue-chip investment with strong depreciation benefits
  • Estimated Net Rental Income: $1,389,504pa*
  • Coles Pacific Pines is offered for sale by Public Auction at 12 noon Thursday 29 July 2017 to be held at The Sheraton Grand Mirage Resort, 71 Sea World Drive, Main Beach, Gold Coast QLD
  • *Approximate
Type: Freehold
Car Parking: Grade level and under-croft parking for 193 cars
Site Area (sq m) 10150
Price For Sale by Public Auction at 12 noon, Thursday 20 July 2017 at Sheraton Grand Mirage Resort, Main Beach, Gold Coast QLD

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