New Lease to ASX Listed Giant
89 Grimshaw Street , Greensborough VIC
Property Highlights
Description
+ New lease to TAB plus options to 2030
+ TAB: Australia’s biggest multichannel wagering provider, ASX listed tenant with a market cap of $2.23B
+ Attractive 3.5% fixed annual rent increases, assuring future rental growth
+ Tenant pays all usual outgoings including single holding Land Tax as per the lease
+ Strategic location situated amongst other national retailers including Woolworths, KFC, JB-Hi-Fi, Chemist Warehouse, K-Mart, BP and more.
+ Positioned directly opposite Greensborough Plaza attracting 8,400,000 visitors annually.
+ 349* sqm freehold site situated on Grimshaw Street in Greensborough’s main retail strip with 10,800 vehicles passing daily.***
+ Important 360 space public car park at the rear of the property with direct customer access
+ Single tenant and minimum management investment
+ Greensborough: Population forecasted to grow 22% to 20,490 by 2041.**
+ Net Income: $115,000 pa + GST
To be sold via Burgess Rawson’s Investment Portfolio Auction
Wednesday 7 December 2022
Crown Casino, Melbourne
*approx
** forecast id.
*** gap maps
Property Details