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Trophy Retail Investment - Renewed 5 Year Lease To Target...

21-27 High Street, COBRAM VIC, 3644

For Sale

Property for Sale in 21-27 High Street, COBRAM VIC, 3644

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11333012
Status:
Active
For:
Sale
Price:
Price on Request
Last Updated:
22/02/2019
Icon building

Property Type

Retail/Showrooms/Bulky Goods/Land/Development
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Land Area

1472 SQM
Icon size

Floor Area

1380 SQM
Icon parking

Parking

N/A

Trophy Retail Investment - Renewed 5 Year Lease To Target (Wesfarmers)

Renewed 5 year lease to March 2024 plus options to 2039
Prominent 1,380 sqm building with 30m retail frontage
Tenant pays usual outgoings inc single holding land tax
Target Australia: wholly owned by Wesfarmers Limited, a top 10 ASX listed company with market cap of $36.53 billion (Jan 2019)
Significant 1,472 sqm site with premium Commercial 1 zoning
Trophy position at the intersection to two major retail strips and amongst Woolworths, IGA, major banks etc
Tenant in occupation 15+ years
Single tenant minimum management investment
Cobram: Important Murray region service centre with a growing trade catchment population extending into NSW exceeding 25,000
Rent: $160,000 pa

Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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