SOLD
Sold on 22 Nov 2023 for $15,440,000

34-36 Tuaggra Street
Maryborough VIC 3465

Bedrooms: -
Bathrooms: -
Car spaces: 159
Land area: 8748m2
Sold By
Savills Melbourne
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Property Details for 34-36 Tuaggra St, Maryborough

Building Type
Commercial
Land Size
8748m2
Local Government
Central Goldfields
Lot/Plan
2/PS321900

Last Listing description (October 2023)

Savills Retail Investments team are excited to present for sale this generational investment opportunity and just the third full-line supermarket offered in Victoria this year.

Investment highlights include:

- High performing standalone supermarket undergoing $9m tenant refurbishment
- Secured by an unrepeatable 24-year lease to Woolworths Group Limited
- Highly sought-after 'net' lease
- Ultra-rare fixed rental increase of 10% at first option, guaranteeing growth
- Full-line supermarket of 4,294sq m* with brand new Direct to Boot facility
- Substantial site area of 9,699sq m* with 159 car bays on title
- Percentage rent forecast during initial term
- Important 50% Stamp Duty Savings
- Woolworths Limited: ASX-giant with 1,112 stores nationally and market cap of $45.26b.
- Net Income: $944,215pa*

*Approx.

For Sale via Expressions of Interest closing 3pm (AEDT), Thursday 16 November 2023.

Property History for 34-36 Tuaggra St, Maryborough, VIC 3465

A timeline of how this property has performed in the market
Last Sold
$15,440,000
22 Nov 2023
  • 22 Nov 2023
    Sold for $15,440,000
  • 17 Oct 2023
    Listed for Sale via EOI closing 3PM (AEDT), Thursday 16 Nov 2023

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About Maryborough 3465

The size of Maryborough is approximately 48 square kilometres. It has 16 parks covering nearly 40% of total area. The population of Maryborough in 2011 was 7,631 people. By 2016 the population was 7,922 showing a population growth of 3.8% in the area during that time. The predominant age group in Maryborough is 60-69 years. Households in Maryborough are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Maryborough work in a labourer occupation. In 2011, 68.8% of the homes in Maryborough were owner-occupied compared with 66.6% in 2016.

Maryborough has 5,303 properties. Over the last 5 years, Houses in Maryborough have seen a 64.28% increase in median value, while Units have seen a 42.04% increase. As at 31 July 2024:

  • The median value for Houses in Maryborough is $340,902 while the median value for Units is $306,308.
  • Houses have a median rent of $360 while Units have a median rent of $300.
There are currently 142 properties listed for sale, and 15 properties listed for rent in Maryborough on OnTheHouse. According to CoreLogic's data, 206 properties were sold in the past 12 months in Maryborough.

Suburb Insights for Maryborough 3465

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.