Brand New 12 Year Lease to Coles Express
2-6 Swan Street , BEGA NSW
Description
New 12 year lease to 2027 plus 10 year option to 2037.
Coles Express: A growing subsidiary of Coles Group Limited with 662+ outlets. Wholly owned by Wesfarmers Limited an ASX top 10 Company.
Fixed annual 3.5% rental increases.
Brand new improvements including Coles Express convenience store, tanks and fuel system.
High profile CBD site on Bega’s main retail strip, ideally located next to Bega’s new McDonald’s restaurant.
Tenant pays all outgoings including land tax and building insurance.
Substantial taxation saving depreciation benefits.
Bega: Major commercial centre with a trade catchment of 33,000+. Strong economy supported by agriculture (Bega Cheese Ltd), tourism & government services incl. new $187M South East Regional Hospital.
Rent: $331,200 pa (as at October 2016).
Auction 11am Tuesday 28 June
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Property Details