Affordable Freestanding Coles – Rare Net Lease
10 Hope Street , DROUIN VIC
Description
Secure 20 + 10 + 10 year lease through to 2043.
Coles: A division of Wesfarmers (ASX top 10).
Well designed & maintained building with all usual departments including liquor.
Net Lease: Coles pays all usual outgoings including land tax.
Successful supermarket trading well above percentage threshold.
Prominent corner site of 4,874 sqm opposite new McDonald’s.
Single tenant, easily managed investment.
Drouin/Warragul: Growing satellite suburbs only 33km from metropolitan Melbourne, experiencing a major housing and population boom with forecast growth to 43,000 by 2026.
Substantial income tax saving depreciation.
Net Rent: $527,048 pa.
Interstate and local bidding by prior arrangement
Auction 11am Wednesday 14 September 2016
Crown Conference Centre, 25 Whiteman Street
Southbank Melbourne, Opposite Crown Towers
Property Details