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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
Retail
Land Size
714 SQM
Building Area
864 SQM

Contact Agents

Jamie Perlinger

+610 413 860315

Contact Me

Beau Coulter

0413 839 898

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