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Renewed 5 Year Lease – Pharmacy For Over 37 Years

136-140 Fairy Street, Warrnambool VIC

Property Highlights

High profile corner retail investment

High yielding investment – circa 8%-9%

Tenant pays all usual outgoings

Description

Renewed 5 year lease to 2024 plus options to 2034.
High yielding investment – circa 8%-9%.
Tenant pays all usual outgoings.
High profile 714sqm corner site, 54m frontage & premium Commercial 1 Zoning.
National Pharmacies: In operation for over 100 years with 51 pharmacies in SA, VIC & NSW along with 20 optical stores in SA.
Prestigious two storey building with impressive tenant fit-out.
Irreplaceable position amongst national retailers ALDI, Woolworths, KFC, Coles and McDonald’s.
Within The Great Ocean Road region attracting 5.1 million visitors who spent an estimated $1.2 billion in the year ending March 2017.
Warrnambool: Victoria’s largest coastal city (outside Port Phillip Bay) servicing a trade catchment of 100,000+ residents & growing.
Rent: $281,309 pa + GST (March 2019).

Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Medical Centre;Retail
Land Size
714 Squaremeter
Gross Building Area
864 Squaremeter

Contact Agents

Jamie Perlinger

+610 413 860315

Beau Coulter

0413 839 898

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