28/10/2026
For Sale | Established Woolworths Supermarket Investment in Melbourne's South East
Ray White Retail, in conjunction with Gross Waddell ICR, is presenting Woolworths Patterson Lakes, 102-114 Gladesville Boulevard, Patterson Lakes, a single tenanted supermarket on a 1.21ha landholding within the established Lakeview Shopping Centre in Melbourne's south east.
The approximately 2,607m² building is leased to Woolworths Group Ltd (ASX:WOW) on a long term net lease, with Woolworths paying all property outgoings including land tax. Net income is $926,100 p.a.*
Rent increases every 5 years to the greater of 5% or the aggregate turnover rent over the 2 years before the review date, giving built in income growth with minimal management.
Woolworths Patterson Lakes is for sale by Expressions of Interest closing Thursday 12 November at 3pm (AEDT).
For more information, contact Rick Silberman, Lachlan O'Keeffe or Michael Feltoe.