Iconic Homeware and Cafe Retail Investment
46 Bair Street , Leongatha VIC
Property Highlights
Description
New 3 year lease plus options through to 2026.
Henrietta’s: long established and iconic local business since 1998.
Central 506 sqm site with dual retail exposure of 20+ metres and important frontage to council / IGA car park (125 spaces).
Immaculate 485sqm premises plus popular alfresco dining, refurbished in 2014.
Recent relocation back to original and proven position (next door).
Rent currently at $79 per sqm pa, conservative in today’s market, next review to Market in 2020.
Lessee pays all usual outgoings as per lease.
Annual rent reviews.
Leongatha: capital of South Gippsland, rich dairy region, $65 million+ recent commercial developments, trade catchment circa 15,000, 75km South East of metropolitan Melbourne.
Rent: $39,724 pa.
Auction 12 noon AEDT Wednesday 28 February 2018
River Room, Crown Casino, Melbourne
Property Details