Expressions of interest
102-114 Gladesville Boulevard,
Patterson Lakes 3197, Victoria
Closing Thursday 12th November 2026
Established Woolworths Supermarket Investment in Melbourne's South East
• Rare Net Lease - All Outgoings
• Fixed Rental Increases - Income Growth
Ray White Retail in conjunction with Gross Waddell ICR is pleased to exclusively offer for sale Woolworths Patterson Lakes, an exceptional supermarket investment positioned within the established Lakeview Shopping Centre.
The opportunity provides investors with the chance to acquire a single-tenanted supermarket investment securely leased to Woolworths, one of Australia's largest supermarket operators, in an established and tightly held south-eastern Melbourne location.
The investment presents a highly attractive "set and forget" ownership proposition, underpinned by a single national tenant and a rare Net Lease structure, with Woolworths responsible for all property outgoings.
Positioned within Lakeview Shopping Centre, the property benefits from an established retail offering and strong surrounding residential catchment, with Woolworths serving as an essential everyday retail destination for the local community.
Investment Highlights
• $926,100 p.a.* net income, securely underpinned by Woolworths Group Ltd (ASX:WOW)
• Single-tenanted supermarket investment, providing a simple and highly passive ownership structure
• Rare Net Lease structure, with Woolworths responsible for all property outgoings, including land tax
• Minimal management requirements, providing an attractive "set and forget" investment proposition
• Long-term lease, providing income security and certainty
• Fixed rental increases, increased every 5 years to the greater of 5% or the aggregate of the turnover rent during the 2 years proceeding the review date
• Major supermarket anchor within the established Lakeview Shopping Centre
• Highly functional building of approximately 2,607m²
• Established and tightly held Patterson Lakes location, surrounded by a strong residential catchment
• Rare opportunity to acquire a Woolworths supermarket investment within Melbourne's established south-eastern suburbs
The property is to be offered for sale via Expressions of Interest closing Thursday 12th November 2026 at 3pm.
*Approximately
All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.
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Contact Rick Silberman
Contact Rick Silberman
Rick Silberman
102-114 Gladesville Boulevard, Patterson Lakes VIC 3197
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Rick Silberman
102-114 Gladesville Boulevard, Patterson Lakes VIC 3197