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New Lease to Thriving Retail Giant- Central Freehold Site

670-672 Fifteenth Street (Calder Hwy) , Mildura VIC

Property Highlights

Blue-Chip Investment
The Good Guys: Owned by JB Hi-FI Ltd
Renewed 5 Year Lease to 2027
Register to Bid

Description

+ Renewed lease to The Good Guys until 2027 with no further option.
+ Blue-chip tenant, a wholly owned subsidiary of ASX listed JB Hi-Fi Limited (JBH) with a market cap of $5.48 billion.
+ The Good Guys, a market leading white goods and electronics retailer with significant market share of the Australian market.
+ JB Hi-Fi Limited 316 stores Australia wide, FY21 sales up 12.6% to $8.9 billion.
+ Annual rent reviews
+ Modern building of 1,413sqm* with tax depreciation benefits.
+ High profile 6,699sqm* main road, freehold site with 52 on-title car spaces, 51.5 metres* of frontage to 18,281* vehicles passing per day.
+ Proven retail destination directly opposite Bunnings as well as being situated amongst Anaconda, Rebel Sport, Chemist Warehouse, Early Settler and Provincial Home Living.
+ Mildura: Bustling commercial centre of the Sunraysia and Murray River region, trade catchment circa 60,000 and growing.
+ Potential 50% Stamp duty savings.
+ Rent: $157,424 pa + GST

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 23 February 2022
Crown Casino, Melbourne.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
6,699 SQM
Building Area
1,413 SQM

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