PFD Foods (Woolworths), 28 Hillcrest Road, Devonport, Tas 7310

Burgess Rawson is pleased to offer to the market the PFD Foods (Woolworths) Portfolio, for sale via our Investment Portfolio Auction 169.

This property has the following investment highlights:

+ Long 15 Year Net Lease to 2036 plus options to 2071
+ Leased to subsidiary of Woolworths Group Ltd (ASX: WOW), PFD Foods
+ Woolworths Group is Australia’s #1 retailer, with sales of $64.4 billion in FY2023.
+ PFD Foods is one of Australia’s largest food service distributors and part of Woolworths’ B2B Food division with H1 FY24 EBIT up 45.7% to $71 million
+ Attractive landlord-favourable, net lease structure; PFD Foods (Woolworths) pay rates, land tax, building insurance, public liability insurance and management fees
+ Guaranteed rental growth with fixed annual rent increases.
+ Expansive 19,520sqm* freehold landholding with a well-designed 3,198 sqm* facility.
+ Rare to market freestanding Cold Storage Investment.
+ Devonport: Tasmania’s third largest city and major service centre, port and tourism link to mainland.
+ Net income: $271,593 pa* + GST.

To be sold by Investment Portfolio Auction
10:30am AEST Tuesday 25 June 2024
Yallamundi Rooms, Sydney Opera House

One of Two PFD (Woolworths) freehold investments available as part of Burgess Rawson's Portfolio Auction.

Please contact the exclusively appointed sales team for more information

*Approx