Woolworths' Wendouree store, a 30+ year operation, is listed for sale at $15M with a current lease until 2030, extendable to 2060.
Woolworths' Wendouree store, operational for 30+ years, is up for sale for $15M. The property, owned by non-Ballarat private individuals, has a 6,394 sqm block, 2,169 sqm building, and 116 car parks. The current lease to Woolworths is $733,392/yr, expiring in 2030, with new owners having options to extend the lease up to 2060. The sale will not impact the supermarket's business.
May 12, 2024
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