New 10 Year Lease to Pets Domain – Building Fully Refurbished in 2021
37 Bank Street , Cobram VIC
Property Highlights
Description
+Brand new Ten (10) year lease to 2031 plus options to 2051 to Pets Domain (65% of income).
+Pets Domain: proven operator with 49 locations nationally.
+Brand new Five (5) year lease to 2026 plus option to 2031 to Intersport (34% of income).
+Intersport: 70+ stores across Australia.
+100% leased to proven & successful national retailers.
+Fixed 3% annual rent increases.
+Prominent 993sqm* building with important rear loading.
+Building fully refurbished to a high standard in 2021 offering significant tax saving depreciation benefits.
+Prime 1,204sqm* site with ROW access and 8 on-title car parks.
+Prime CBD site amongst Woolworths, IGA, McDonald’s, Australia Post & Kmart.
+Potential 50% stamp duty savings.
+Cobram: important service centre with 25,000+ catchment.
+Net Income: $129,870pa + GST ($133,766pa + GST as at December 2022)
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 22 June 2022
Crown Casino – River Room
Property Details