High Yielding Standalone Wesfarmers Freehold

10 Sylvia Place, Tumut NSW

Property Highlights

Strategic Location Next to Coles

Renewed Lease to Target Australia Ltd

Strong Performing Target Store

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 pa

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

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
4083 Squaremeter
Gross Building Area
1500 Squaremeter

Contact Agents

Billy Holderhead

+610 422 817696

Raoul Holderhead

0413 860 304

Kieran Bourke

0417 418 007

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