Gladesville bottle shop sells for $10.8m

The retail investment would have development upside but Dan Murphy’s has lease renewal options until 2060.

The Gladesville Dan Murphy’s – marketed as an essential services backed retail investment – sold for $10.8 million on Tuesday – a $710,000 drop on what it last traded for five years ago.

With options the Woolworths backed business can occupy 328-332 Victoria Road until 2060.

Based the present net rent ($410,184 ex GST), the sale price reflects a 3.8 per cent yield.

The property includes a 1721 sqm double storey building fit out with retail, offices, warehouse and 39-bay basement car park (story continues below).

On 1344 sqm plot at the south west corner of Osgathorpe Rd, it is about 11 kilometres south west of Sydney.

The asset was the priciest to sell under the hammer at a Burgess Rawson portfolio sales event on Wednesday.

The Gladesville Dan Murphy’s store was the priciest property to sell at a portfolio auction event this week.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of