Dan Murphy’s sold with a leaseback
Endeavour Group has sold a five year old Dan Murphy’s with a leaseback.
A Victorian private investor paid $9.4 million for the 3885 square metre Batemans Bay asset following an off-market deal.
With a 1343 sqm outlet, it replaced a Clyde Auto Centre, with dealerships for Isuzu, Mazda, Mitsubishi and Suzuki.
Savills’ Steven Lerche and Matt Holland were the agents.
The deal comes six months since Endeavour sold a Mount Barker outlet with a leaseback.
57-61 Orient Street
Also with 63 car parks and two EV charging stations, 57-61 Orient Street was offered with a 10 year lease.
With eight options, each of five years, Endeavour can stay until 2075.
The ASX listed group was demerged in 2021 from Woolworths, which via its development arm, Fabcot, was the builder.
Fabcot recently sold the property to the north (55 Orient St).
It offloaded the holding to the south (63 Orient St) in 2008 to the St Vincent de Paul Society of NSW.
Batemans Bay is about a 150 kilometre drive east of Canberra.
Subscribe to our newsletter at the bottom of this page.
