PETstock Majority Owned by Woolworths!**

Burgess Rawson in conjunction with Sutherland Farrelly are pleased to offer to the market Showroom 8, 256 Bolton Street, Eltham VIC for sale via private treaty.

The property has the following investment highlights:

+ Five (5) year lease to 2026 plus two (2) further five (5) year options to 2036.
+ PETstock: Blue-chip tenant with a thriving national network of 503 retail stores, vet clinics and grooming salons.
+ Woolworths has recently acquired a majority interest (55%) interest in PETstock, valuing the company at $1.7 billion.**
+ Favourable annual CPI rent reviews.
+ Landlord-favourable, net lease terms with tenant responsible for all usual outgoings (excluding Land Tax).
+ Direct frontage and exposure to Bolton Street, a major arterial road with over 19,000 vehicles passing daily.***
+ Immaculate 440 sqm* showroom with PETstock’s impressive corporate layout and retail design.
+ High profile location neighbouring Autobarn and within 500 metres* of Bunnings, McDonald’s, KFC and Repco.
+ Surrounded by important social infrastructure, including 13 schools within 3km* servicing over 10,000 full time students.***
+ Eltham: Boasting an average household income 37% above national average****, Eltham has demonstrated an impressive increase in property value with median house prices up 12.3% since March 2021 to $1,230,000.*****
+ Shire of Nillumbik: Located in Melbourne’s north-east, the Shire of Nillumbik is home to over 15,000 registered pets.******
+ Net Income: $100,327 pa* + GST

To be sold by Private Treaty

*Approximately
**Pending ACCC approval
*** Gap Maps
****ABS
*****Realestate.com.au
******Shire of Nillumbik