Long-Established Supermarket Backed by Metcash Ltd
14 Ireland Street, Bright VIC
Secure net lease to Ritchies to 2025
Annual rent reviews
Lease guaranteed by Metcash Ltd
Secure 10 Year Lease to 2025 plus 2 x 10 Year options.
Substantial 1,600 sqm supermarket including liquor.
Strategic Commercial 1 Zoned site with 2 street frontages and an important pedestrian link connecting to large council car park.
Central to complementary retail inc post office, banks, pharmacy etc.
Ritchies pay all usual outgoings (excluding land tax).
Ritchies is Australia’s 7th largest private retailer with revenue of $863 million (source IBISWorld) across a network of over 75 stores.
Metcash (ASX: MTS): Australia’s leading ASX-listed wholesaler with sales of over $14 billion in FY18.
Bright: booming year-round family tourist destination and gateway to Victorian Alps – 55% house price growth in the past 3 years.
Rent: $242,817 pa (projection based on June quarter CPI).