Rare Freestanding Sub $4m Wesfarmers Investment Opportunity
119-123 Gray Street , Hamilton VIC
Property Highlights
Description
Securely leased to September 2022 plus options to 2032.
Significant depreciation, 42% of rent potentially tax free.
High yield investment, blue-chip tenant. – 9.5% yield anticipated
Target: Iconic 93 year old retailer, wholly owned by $41 billion Wesfarmers.
Modern 2,081 sqm* retail development,built 2007, with 17 basement car spaces plus exclusive rights to a further 55 car spaces.
Generous 20.7 metre* frontage to Gray Street, the key retail strip in the region.
Strategic location surrounded by Woolworths, Coles, IGA, Harvey Norman and all major banks.
Hamilton: Important commercial service centre servicing 20,000+ trade catchment.
Estimated Net Income: $371,103 pa + GST
For Sale by Private Treaty
Property Details