Securely Leased to Home Improvements & Hardware Giant – Wholly owned Subsidiary of Metcash
16-26 Campbell Street, ARARAT VIC
Description
Secure 10 year lease to 2023 plus options to 2038 (tenant in occupation for 30 years).
Annual rent reviews/Tenant pays all usual outgoings.
Presentable 2,768 sqm building and well maintained premises on 7,945 sqm, dual access site with 230 metre street frontage.
Mitre 10: Australia’s largest independent home improvement and hardware wholesaler, with a network of 300+ stores, wholly owned by Metcash Limited – ASX Top 100 company.
Ararat: important western Victoria service centre, recent $2B infrastructure boom including Prison, Highway duplication and Windfarms, gateway location to Grampians, trade catchment circa 22,000.
Rent: $210,912 pa (Jan 2017 assuming CPI 1.85%).
Auction 11am AEDT Wednesday 26 October 2016
River Room, Crown Casino, Melbourne
Property Details