A National Retail Icon- Hello, National Tiles
3/174-178 Torquay Road , Grovedale VIC
+ Brand new 12 year lease plus two (2) x 10 year options through to 2054.
+ National Tiles: A national retail icon since 1979, currently with over 500 employees through 38 stores nationally and a further imminent rollout of new stores Australia wide.
+ Record FY21 turnover circa $150 million, with 17% average annual revenue growth over the last 5 years.
+ Investor preferred net lease terms with tenant paying all usual outgoings as per the lease.
+ Rare security with 6 month bank guarantee.
+ Annual, fixed compounding 3% increases- assuring long term rental growth.
+ Modern & Immaculate 1,720sqm* retail showroom, office and warehouse with rear access.
+ Strategic Investment with this branch also including National Tiles Head Finance office located on the first floor.
+ Outstanding exposure to busy Surfcoast Hwy /Torquay Road (38,000 vehicles passing daily) which connects Geelong to booming Armstrong Creek/Torquay, Great Ocean Road and Bellarine Peninsula.
+ An abundance of leading retailers surround including Total Tools, Carpet Court, Middys Electrical, KFC, BBQs Galore and BOUNCEinc.
+ Grovedale: Suburb of Greater Geelong, booming growth corridor with 100,000 predicted over the next 5 years
+ 50% Potential Stamp Duty Saving
+ Rent: $320,375 pa* + GST
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 23 February 2022
Crown Casino, Melbourne.