Affordable Freestanding Supermarket- Proven Performer

Description

+Renewed Seven (7) year lease to 2028 plus options to 2042, with Metcash Guarantee
+Metcash: Leading wholesale Distribution company, sales circa $16 billion+ FY21, current market cap circa $4.30 billion
+Attractive net lease terms with tenant responsible for all usual outgoings as per the lease
+A super trading store well above percentage rental threshold
+As new, modern 1,534sqm* store, rebuilt in 2014 with usual full-line departments including liquor
+Substantial 3,509sqm* site over two titles with 44 convenient on site car spaces
+Located directly opposite the Albury Base Hospital, the second-largest regional health service in Victoria
+Albury/Wodonga is one of Australia’s most important regional centres with 100,435 residents, forecast to grow 24.2% by 2036**
+Albury Wodonga is Australia’s 13th largest non-capital city
+The twin cities of Albury/Wodonga have a booming population of 100,435, with 7,673 businesses supporting 51,747 jobs***
+Net Income: $437,035pa + GST*

For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 3 August 2022
Crown Casino – River Room

*approx
***id

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Contact agents
Matthew Wright Partner
0458 290 588
Raoul Holderhead Partner
0413 860 304
Kieran Bourke Partner
0417 418 007
Enquiry Form

East Albury, NSW

182-184 Borella Road

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 154

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