Proven IGA Supermarket | Renewed 10 Year Lease to 2031
29 Main Street , Winchelsea VIC
Property Highlights
Description
Renewed Ten (10) year lease to November 2031 plus Two (2) further Ten (10) year options to 2051.
Winchelsea IGA Plus Liquor Supermarket: successful operator with 4 IGA supermarkets and 16+ years’ experience.
Favorable annual CPI reviews with rent forecast to increase 5.24% in November 2022.
Investor preferred net lease terms with the tenant paying all usual outgoings.
Pandemic proof ‘essential service’ supermarket investment.
Well presented IGA supermarket plus liquor capturing fast growing trade catchment.
Prime 770sqm* freehold corner site with important vehicular access via Hesse Street.
High Profile Princes Highway position with 9,400** vehicles passing daily.
Potential 50% Stamp duty savings.
Winchelsea: thriving Surf Coast Shire municipality with forecast 34.6%*** population growth by 2036.
Net Income: $97,878pa + GST (as at November 2022 based on assumed 5.24% CPI increase).
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 14 September 2022
Crown Casino – River Room – Melbourne
*Approx
**GapMaps
***Forecast id
Property Details