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High Yielding Standalone Wesfarmers Freehold

10 Sylvia Place, TUMUT NSW, 2720

Sold

Property Sold in 10 Sylvia Place, TUMUT NSW, 2720

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11343390
Status:
Sold
Price:
On Request
Last Updated:
26/07/2019
Icon building

Property Type

Retail/Retail/Retail
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Land Area

4083 SQM
Icon size

Floor Area

1500 SQM
Icon parking

Parking

N/A

High Yielding Standalone Wesfarmers Freehold

Renewed lease to Target/Wesfarmers Ltd
Annual fixed 3% rent increases
Large site fully integrated with Coles
Brand new 3 + 3 year lease to Target
Modern, low-maintenance retail store of approximately 1,500 sqm, developed in 2008
Strong trader, 7.4% store sales growth in the last 4 months
Strategic 4,083 sqm retail site, surrounded by Coles, KFC, BWS, Snowy Valley Council offices with approx 50 at-grade car spaces on-title
Annual, fixed, compounding 3% rent increases
Target: Iconic 93 year old retailer, wholly owned by $39 billion Wesfarmers, recent increase in half year sales to an estimated $1.5 billion
Tumut: Vibrant retail and service sector servicing a population of over 15,000 and strategically located midway between Sydney and Melbourne
Estimated net rent: $229,775 p.a.

Private Treaty

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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