Jones the Grocer premises in Woollahra up for lease at $1,000 per square metre
The Woollahra shop that has been tenanted by gourmet food retailer Jones the Grocer for the past 16 years is available for lease and expected to attract interest from other luxury goods purveyors.
The 300-square-metre shop is located at 68 Moncur Street just off Woollahra’s ultra-chic Queens Street, where retail tenants including Australian fashion designer Collette Dinnigan, who opened a shop on Queen Street in June last year.
The shop has become available for lease, with Jones the Grocer opening a new Sydney store in Westfield Sydney in the CBD in December.
The Woollahra premises was the first store opened by Jones the Grocer in 1996 and included Australia’s largest walk-in cheese room.
Anthony Bray, director of sales and investments NSW at Jones Lang LaSalle, who is marketing the retail space for lease, says the rent will be in the region of $1,000 per square metre net per annum.
Bray says the space is ideal for a luxury retail environment.
“With high glass windows on the shop front, considerable floor space and loading dock for ease of product flow, we envisage the property could be well utilised as a high-end retail space.
“A much-anticipated retail offering, we’re expecting high interest in the building – the place is locally well-known and is located in a bold corner position, prominent for pedestrian and motor traffic alike.”
Jones Lang LaSalle is accepting formal written proposals until November 22, 2012, on a lease term of five years plus renewal options.
The premises were last available for lease in 1996.
Jones the Grocer was founded by Lindsay Jones-Evans and has six stores in Australia as well stores in New Zealand, Qatar, Singapore and the UAE.
The entrepreneurial Jones-Evans is currently the director and co-owner at Old Shanghai Massage House, a traditional Chinese massage house on Oxford Street in Woollahra, just a short walk from the grocery store.
His other ventures include Bon Bon Fine Chocolate and the Victoria Room.