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Trophy CBD Officeworks Investment- Brand New Lease

134-136 Deakin Avenue (Sturt Hwy) , Mildura VIC

Property Highlights

Blue-chip essential service investment
Officeworks: Wholly owned by Wesfarmer
Brand New 5 year lease plus options
Register to Bid

Description

+ Brand new lease to Officeworks until 2027 plus options through to 2042.
+ Blue-chip tenant, leading essential service retailer, wholly owned subsidiary of $64 billion Wesfarmers Ltd (WES: ASX).
+ Officeworks is a market leading essential service retailer and major beneficiary from the work-from-home shift, recently reporting a 23.6% increase in half year sales revenue*.
+ Annual rent reviews
+ Constructed 2012, offering significant income tax depreciation benefits.
+ High profile 1,389 sqm main road site with 25 metres of exposure to 15,453 vehicles per day.
+ Immaculately presented 999sqm* standalone building
+ Commanding entry position and exclusive car park access within a new large format retail complex, including Hog’s Breath Café.
+ Located within 400m of Woolworths, Ritchies IGA, Centrelink, Quest, major banks, and other national retailers.
+ Mildura: Bustling commercial centre of the Sunraysia and Murray River region, trade catchment circa 60,000 and growing.
+ Potential 50% Stamp duty savings.
+ Rent: $136,539 pa + GST

*Wesfarmers

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 23 February 2022
Crown Casino, Melbourne.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
1,389 SQM
Building Area
999 SQM

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