Major Swan Hill Corner CBD Landholding- Directly Opposite Coles Shopping Centre

19-39 McCrae Street , Swan Hill VIC

Property Highlights

First time offered in 40+ Years
Major Landholding in CBD
Holding Income with huge future upside
Register to Bid

Description

Burgess Rawson is pleased to offer to market the ‘Silly Solly’s’ anchored investment located 19-39 McCrae Street, Swan Hill VIC, for sale via Auction Investment Portfolio 167.

The property has the following key investment highlights:

+ Multi-tenanted freehold investment with significant future development upside (STCA)
+ Diverse income stream, anchored by Silly Solly’s as well as Hospital op-Shop, Hairdressing wholesaler and residential apartments.
+ Silly Solly’s: one of Australia’s fastest growing retail chains with 23 locations across the eastern seaboard.
+ Annual CPI & Fixed 3% rent increases, ensuring rental growth.
+ Significant proportion of Swan Hill’s main CBD on offer for the first time in over 40 + years.
+ Prime freehold corner site with significant 78m* combined street frontage to McCrae Street & Beveridge Street.
+ High profile 2,332sqm* main road corner landholding with redevelopment optionality (STCA).
+ Absolute CBD location with Bunnings, Woolworths, ALDI, Kmart and various car dealerships all within 700m*
+ Swan Hill: a thriving Murray River agricultural region, home to more than 21,400 residents, supporting 10,495 local jobs and generating an annual economic output of $3.2 billion+.**
+ Potential 50% stamp duty savings.
+ Net Income: $158,690* pa + GST

For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 27 March 2024
Crown Casino, Melbourne

Bidder registration required, register here.

Please contact the exclusively appointed sales team for more information.

*Approx.
** Swan Hill Rural City Council

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
2,332 SQM
Building Area
2,250 SQM

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