Freestanding Coles Supermarket with Expansion Land
1880 Ferntree Gully Road , Ferntree Gully VIC
Property Highlights
Description
Resilient trader on recently renewed lease plus option to 2027
Coles: a division of Wesfarmers (ASX Top 10)
Classic Net lease with tenant paying all outgoings including Land Tax
Prominent freestanding building of 2,212 sqm with potential to increase to 3,328 sqm
Freehold ‘island’ site of 3,492 sqm with quadruple frontage and additional land providing opportunity for future expansion STCA
Supermarket immediately adjoins over 500 car spaces
Focal position within thriving Mountain Gate Strip Centre of over 50 shops
Ferntree Gully, the heart of the developed East, 30km from Melbourne CBD
Significant income tax saving depreciation
Rent: $418,057 pa
Auction 11am AEDT Wednesday 22 February 2017
River Room, Crown Casino, Melbourne
Property Details