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Long-Established Supermarket Backed by Metcash Ltd

14 Ireland Street, Bright VIC

Property Highlights

Secure net lease to Ritchies to 2025

Annual rent reviews

Lease guaranteed by Metcash Ltd

Description

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).

Under Offer

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Supermarket
Land Size
1,466 SQM
Gross Building Area
1,600 SQM

Contact Agents

Billy Holderhead

+610 422 817696

Shaun Venables

0411 860 865

Beau Coulter

0413 839 898

Request Information

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