Securely Leased to Two National Retailers – Building Fully Refurbished in 2013
317-325 Raymond Street, Sale VIC
Property Highlights
Description
+ Pets Domain: Proven operator with 35 locations across Australia (82% of income)
+ Secure 5-year net lease to April 2023 plus options to April 2043 (PD)
+ Direct Appliance Rentals: 19 locations Australia wide (18% of income)
+ Securely leased to February 2021 plus option to February 2023 (DAR)
+ Tenants pay all usual outgoings as per lease agreements
+ 865sqm building (inc 250 sqm upper level) with triple frontage and exposure
+ Annual CPI rent adjustments with market review at options
+ Prime 737sqm Commercial 1 Zoned (C1Z) site with direct access to 279+ car parks
+ Building extensively refurbished in 2013 ($859,679 total cost) providing excellent tax saving depreciation benefits with 40.6% of the first years rent potentially tax free
+ Irreplaceable retail location opposite Gippsland Shopping Centre (Woolworths, Coles, Target + 47 specialties), Bunnings and Harvey Norman
+ Sale: Major Gippsland Commercial Centre with 32,000+ trade catchment
+ Income: $130,538.08 pa + GST
For Sale by Investment Portfolio Auction
11:00am (AEDT) Wednesday 28 October
Property Details