EzyMart continues expansion with Melbourne CBD retail lease
The convenience store chain, EzyMart will open its fifth store in Melbourne’s CBD this year. It envisages 150 stores across the city in what some see as a battle against 7-Eleven's supremacy.
The latest opening follows agreement on a new lease on the Queen and Little Collins streets corner in a deal negotiated by Savills Australia.
The property comprises a ground floor retail area of 40 square metres which has been leased on a three-year term at circa $2,500 a square metre per annum net.
"EzyMart is very well established in Sydney and is now making its presence felt in Melbourne with several recent store openings," Savills Australia retail director, Michael Di Carlo said.
"This, the fifth CBD store, capitalizes on what has been a very busy corner ideally suited to a convenience outlet with the large numbers of office workers in the area and the late night trade from the pub, bars and nightclubs along Queen Street,’’ Di Carlo said.
EzyMart has around 187 stores, mostly in Sydney, started by Jordanian-born Maher Magableh in 2002.
