High Yielding Standalone Wesfarmers Freehold
10 Sylvia Place , Tumut NSW
Property Highlights
Description
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
Property Details
Price
On Request