Long 10 Year Lease to National Retailer | Strategic Position Opposite ALDI & IGA

Description

+Long 10 year lease to 2032 plus options to 2042
+Cheap as Chips: Longstanding and successful discount goods retailer est. 1985, with a growing network of 50+ stores
+Annual CPI rent reviews
+Large 1,256sqm* building plus 28 sealed and line car spaces on-title
+Significant 4,284sqm* landholding provides opportunity to extend buildings STCA
+Strategic position opposite two strong trading supermarkets, ALDI & IGA
+Single tenant minimum management investment
+Ararat: major commercial centre and gateway to the Grampians, 25,000+ trade catchment
+Potential 50% Stamp Duty Savings
+Net Income: $159,782 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 10 May 2023
Crown Casino, Melbourne

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Contact agents
Shaun Venables Partner
0411 860 865
Justin Kramersh Senior Sales Associate
0460 349 605
Romanor Falconer Sales Executive
0413 830 808
David Napoleone Senior Sales Executive
0417 308 067
Enquiry Form

Ararat, VIC

40 Moore Street

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 160

Contact agents
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