High Yielding Standalone Wesfarmers Freehold

10 sylvia place, tumut nsw

Price on Request

  • Strategic Location Next to Coles
  • Renewed Lease to Target Australia Ltd
  • Strong Performing Target Store

Property Details

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 pa

Auction 11am AEST Tuesday 14 May 2019
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

Featured Details

Current Tenant Tenanted
Gross Building Area 1500 sqm
Land Size 4,083 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: VIC002774

Thank you for showing interest in us.

Contact Details

Office Details

Level 7, 140 Bourke Street, Melbourne VIC 3000

T 03 9613 0400 E reception@burgessrawson.com.au

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