Long-Established Supermarket Backed by Metcash Ltd

14 ireland street, bright vic

Price on Request

  • Secure net lease to Ritchies to 2025
  • Annual rent reviews
  • Lease guaranteed by Metcash Ltd

Property Details

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: $243,432 pa (projection based on June quarter CPI).

Auction 11am AEDT Wednesday 12 December 2018
River Room, Crown Casino, Melbourne

Featured Details

Current Tenant Tenanted
Gross Building Area 1600 sqm
Land Size 1,466 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: VIC002588

Thank you for showing interest in us.

Contact Details

Office Details

Level 7, 140 Bourke Street, Melbourne VIC 3000

T 03 9613 0400 E reception@burgessrawson.com.au

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