Trophy Retail Investment – Renewed 5 Year Lease To Target (Wesfarmers)
21-27 High Street , Cobram VIC
Property Highlights
Description
Renewed 5 year lease to March 2024 plus options to 2039
Prominent 1,380 sqm building with 30m retail frontage
Tenant pays usual outgoings inc single holding land tax
Target Australia: wholly owned by Wesfarmers Limited, a top 10 ASX listed company with market cap of $36.53 billion (Jan 2019)
Significant 1,472 sqm site with premium Commercial 1 zoning
Trophy position at the intersection to two major retail strips and amongst Woolworths, IGA, major banks etc
Tenant in occupation 15+ years
Single tenant minimum management investment
Cobram: Important Murray region service centre with a growing trade catchment population extending into NSW exceeding 25,000
Rent: $160,000 pa
Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne
Property Details