Coles Earlwood sells for $28.72 million, smashing reserve by $5.5 million

Coles Earlwood sells for $28.72 million, smashing reserve by $5.5 million
Coles Earlwood sells for $28.72 million, smashing reserve by $5.5 million

Coles Earlwood in south-west Sydney has sold for $28.72 million, selling for well over its reserve by around $5.5 million.

The commercial property at 5-13 Clarke Street was auctioned through Damien Cooley at Cooley Auctions.

There were 49 bids from 14 registered bidders.

Bidding started at $21 million and flew past the $23.1 million reserve.

The offering was a freestanding supermarket leased to Coles and BWS Liquor. 

The Coles spans 2,528 sqm and the BWS 147 sqm and they service over 25,000 people. It has a net income of $1.21 million.

It sits on a 3075 sqm corner parcel.

CBRE agent Dylan Kilner handled the marketing.

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Coles Shopping Centre

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