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News release

Parramatta

Proposed sale of selected petrol sites


Woolworths Limited (Woolworths) will auction a small number of petrol sites, on a leaseback basis, in New South Wales and Queensland.

Woolworths Director of Property, Ralph Kemmler, said “Consistent with Woolworths' Strategic Priority to act on our portfolio to maximise shareholder value, our preference is to enter long term leases for our retail premises rather than holding property assets.”

The auction and marketing of the sites is being managed by JLL Director in Charge – Parramatta, John Macree. 

“These petrol sites are highly sought-after assets, providing cash flow with annual rent increases, secured by long term leases to Woolworths Petrol,” Mr Macree said.

“We expect investors will take advantage of current low interest-rate market conditions in what is likely to be an extremely active sales process.” 

Woolworths has divested over $2.8 billion of property assets since 1 July 2010, including the creation of the Shopping Centres Australasia Property Group in December 2012 and the sale of 54 freehold properties by ALH Group Pty Ltd in September 2014.

Auction Details:

Date: Wednesday 13 May 2015
Time: Commencing 10:30am
Venue: Attendees can bid for the NSW and QLD properties by joining the live event in Sydney at Auction Works, 50 Margaret Street; or can attend a live-stream at JLL’s Brisbane office, Level 33, Central Plaza One, 345 Queen Street  

NSW properties for saleQLD properties for sale
  • 100 - 102 Gipps Street, Bega – 2,244 sqm
  • 272 Princes Highway, Bomaderry – 2,542 sqm
  • 35 Woodville Road, Chester Hill – 2,228 sqm
  • 26 Dowling Street, Forbes – 2,287 sqm
  • 111-115 Church Street, Gloucester – 1,247 sqm
  • 30-34 Cooper Street, Katoomba – 3,534 sqm 
  • 254 Kelly Street, Scone – 5,736 sqm
  • 52 Boat Harbour Drive, Eli Waters (Pialba) – 3,511 sqm
  • 92-94 River Road, Gympie South – 1,970 sqm 
  • 1399 Anzac Ave, Kallangur – 1,743 sqm