Strong Trading K-Mart Investment – Wholly Owned Subsidiary of Wesfarmers
21-27 High Street, Cobram VIC
Property Highlights
Description
+ Renewed Five (5) year lease to March 2024 plus options to 2039.
+ K-Mart: wholly owned subsidiary of ASX listed giant Wesfarmers, with 231 stores across AUS & NZ.
+ Investor preferred net lease terms with K-Mart paying all usual outgoings including Land Tax.
+ Annual CPI rent reviews with most recent Melbourne All Groups at 2.9%.
+ Prominent 1,380sqm building with important 30 metre retail frontage and rear loading dock.
+ Significant 1,472sqm Commercial 1 Zone (C1Z) freehold title.
+ Trophy CBD position amongst Woolworths, McDonalds, IGA, Australia Post & major banks.
+ Cobram: important service centre with 25,000+ trade catchment.
+ Net Income: $186,000pa + GST
For Sale by Investment Portfolio Auction
11.15am (AEDT) Thursday 11 November 2021
Property Details