Rare Freestanding Sub $4m Wesfarmers Investment Opportunity

119-123 Gray Street, Hamilton VIC

Property Highlights

High yield investment (9.5%)
Significant depreciation benefits
Securely leased with options to 2032

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

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
1,769 SQM
Building Area
2,081 SQM

Contact Agents

Billy Holderhead

0422 817 696

Beau Coulter

0413 839 898

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