SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Trophy Retail Investment – Renewed 5 Year Lease To Target (Wesfarmers)

21-27 High Street, Cobram VIC

Property Highlights

Renewed 5 Year Plus Options

Tenant Pays All Outgoings + Land Tax

Irreplaceable Town Centre Position

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

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
1,472 SQM
Gross Building Area
1,380 SQM

Contact Agents

Shaun Venables

+610 411 860865

Scott Meighan

0413 830 709

Request Information

Stay up to date with our latest portfolio auctions & insights