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Renewed 5 Year Lease to 2027 Plus 5 Year Option to 2032

96-98 Firebrace Street , Horsham VIC

Property Highlights

Proven Pharmacy Since Late 1800’s
Renewed 5 year lease to 2027
First Time offered in 75 Years
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Description

Burgess Rawson is pleased to offer to the market 96-98 Firebrace Street, Horsham VIC for sale via our Investment Portfolio Auction 164.

This opportunity has the following key investment highlights:

+ Renewed 5 year lease to 2027, plus further 5 year option to 2032.
+ First time offered in 75 years.
+ Amcal: one of Australia’s most well-known and trusted pharmacies, with a network of 200+ stores nationwide, est.1937.**
+ Amcal wholly owned subsidiary of ASX listed healthcare giant Sigma Healthcare (ASX:SIG), market cap $693 million.^
+ Premier 303 sqm* freehold corner site, with significant frontage and exposure to Firebrace Street & Pynsent Street.
+ Landlord favourable net lease terms with tenant paying all usual outgoings as per the lease.
+ Annual rent reviews.
+ Versatile two-level 426 sqm* building, with recent tenant funded upgrades.
+ Position perfect within the Horsham CBD and surrounded by key national retailers; Coles, Bunnings, Spotlight, Woolworths, CBA, ANZ and more.
+ Potential 50% stamp duty savings.
+ Horsham: Wimmera’s commercial and retail capital with a trade catchment of circa 55,000 people and annual economic output of $7.481 billion.*** The region produces more than half of Victoria’s total grain crop, oilseeds and pulses.****
+Rent: $95,652 pa* + GST.

To be sold by Investment Portfolio Auction: 
10:30am AEDT Wednesday 25 October 2023
Crown Metropol, Melbourne VIC

*approx
** Amcal Pharmacies
*** Wimmera Development Association
**** Remplan
^ ASX

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Medical
Land Size
303 SQM
Building Area
426 SQM

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