Strong Trading Trophy IGA Supermarket + Liquor

24-32 manning street, taree nsw

Price: For Sale by Auction

  • 15 Year Direct Lease
  • ASX listed Metcash
  • Options to 2047

Property Details

Auction 11am AEDT Tuesday 2 April 2019
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

Longstanding city centre supermarket site, nearly 50 years trading history
Large land area of 3,790 sqm, building area: 3,126 sqm
Ritchies IGA: founded in 1870, the largest IGA operator in Australia
Metcash: over $14.4bn sales in 2018
Lease guaranteed by ASX listed Metcash
Leased to 2027 + options to 2047
Easily managed premium tenant investment
Annual CPI rent increases
Strategic location in the centre of Taree’s main shopping area
Adjacent to a major council owned car park with direct ramp access
Taree population continues to grow giving strong economic growth prospects

Net Income: $586,227 pa + GST

Featured Details

Current Tenant Tenanted
Gross Building Area 3126 sqm
Land Size 3,126 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: NSW003473

Thank you for showing interest in us.

Contact Details

Office Details

Level 18, 15 Castlereagh Street, Sydney NSW 2000

T 02 9232 6288 E sydney@burgessrawson.com.au

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