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Strong Trading Liquorland – Rare CPI Plus Turnover Provisions

12/110 Ashleigh Avenue, Frankston VIC

Property Highlights

Liquorland: Wholly owned by Coles
Integrates seamlessly with Coles
Tenant pays all usual outgoings

Description

+ Secure 5 year lease to November 2023 plus options to 2038
+ Liquorland: Subsidiary of Coles Group Ltd $22.3 billion market capitalisation with 897 liquor stores nationally
+ Tenant pays all usual outgoings as per lease agreement
+ Annual CPI rent reviews plus generous turnover rent provisions
+ Irreplaceable 252 sqm premises integrated directly into Coles Supermarket
+ Direct access to 120+ car parks
+ Karingal Village: 12+ retailers including Coles & Australia Post
+ Within metres of Karingal Place Neighbourhood Centre, Karingal Kindergarten, Karingal Primary School, Karingal Bowls Club & Peninsula Kingswood Country Golf Club
+ Frankston: Population of 144,664 – 40km south-east of Melbourne CBD
+ Estimated NET Income: $99,510 pa + GST

For Sale by Deadline Private Treaty
Closing 1pm Friday 27 March

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Liquor
Building Area
252 SQM

Contact Agents

Shaun Venables

0411 860 865

Contact Me

Beau Coulter

0413 839 898

Zomart He

0488 220 830

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