New Lease to Woolworths Subsidiary – Boom Inner West Location
101-103 Geelong Road, FOOTSCRAY VIC
Brand new 3+3+3+3 year Lease to blue chip tenant, Home Timber and Hardware (HTH Pty Ltd), 67% owned by Woolworths and 33% by Lowes (USA).
Prominent 3,121m2* site with Geelong Road (Princes Highway) frontage and 36 car spaces on title
Buildings of 1,594m2* include a 2 level retail/office and warehousing facility.
Proven hardware business trading 30 plus years.
Capital growth location 5 km’s from CBD in Melbourne’s rapidly evolving metropolitan inner west.
Home Timber & Hardware: Long established and growing network of over 240 stores across Australia.
Rents reviewed annually to CPI capped at 3.5%, with market reviews capped and collared at 10% at commencement of option periods.
Attractive net Lease structure with tenant responsible for Rates, Taxes, Building Insurance, Repairs and Maintenance.
Commencing Net Rent: $180,000 p.a.