High Profile Freehold Investment – Securely Leased to Cheap as Chips

58-66 Nicholson Street (& Riverine Street), Bairnsdale VIC

Property Highlights

10 yr lease to Cheap as Chips
56 car spaces on-title
Bairnsdale: 42,000+ trade catchment
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Description

+ Secure 10-year lease to Cheap as Chips until September 2027 + 10-year option to September 2037
+ Cheap as Chips: Est 1985, Growing discount retailer with 42 stores nationally
+ Prominent 2,054sqm building with 3 specialty tenancies including Flight Centre and gourmet Butcher
+ 81% of income secured by Cheap as Chips
+ Annual rent reviews
+ Significant 3,655sqm landholding with 56 car spaces on-title and direct access from Riverine St
+ Prime CBD position nearby Woolworths, Coles, ALDI & Australia Post
+ Bairnsdale: Major commercial centre servicing East Gippsland region with 42,000+ trade catchment
+ Rent: $244,828 pa + GST ($274,033 fully let basis)

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 9 December

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
3,655 SQM
Building Area
2,054 SQM

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