A National Retail Icon, 38 Stores and Counting…
600 Ballarat Road , Sunshine 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
+ 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 and flexible 1,400sqm* retail showroom, office and warehouse with excellent clear span and storage.
+ Substantial 3,716sqm* freehold site with easy access to trade shop and ‘rear turning circle’ plus 22 on site car spaces.
+ Superb exposure on the inbound side of major road- Ballarat Road with 42,000 vehicles passing daily.
+ Outstanding location with an abundance of leading tenants surrounding.
+ Sunshine: Booming gateway suburb of Melbourne’s west, 12kms* from the CBD
+ Sunshine population forecasted to grow by 71.5% by 2041**
+ Rent: $200,725 pa* + GST
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 23 February 2022
Crown Casino, Melbourne.