Affordable IGA Supermarket Property Investment – New 10 Year Lease + Options to 2042

80-86 goulburn street, crookwell nsw

Price: $3,600,000

  • Net income: $270,000 pa + GST
  • Fixed 2.5% annual rent increases
  • Tenant pays outgoings as per lease

Property Details

Brand new 10 year lease to 2027 plus 3 x 5 year options to 2042.
Head lease to Crookwell IGA Plus Liquor, subleasing to Crossroads Cafe.
IGA: 1,400 independently owned supermarkets across Australia.
Crookwell: part of the prosperous Goulburn region with a catchment population of circa 30,000.
Crookwell IGA Plus Liquor is a long standing dominant supermarket, with over 13 years in Crookwell and 45 km to the nearest competition.
The business has averaged 5% increases in annual growth over the past 5 years.
Wide 26 metre frontage in the centre of Crookwell's main retail precinct.
Recently refurbished double storey building, with tenant upgrades including installation of the bakery and equipment, floor coverings, refurbishment of the first floor offices, replacement of the roof and expansion of the fruit and vegetable aisle. Substantial Gross Floor Area of 1,819 sqm.
Convenient rear loading facilities and dedicated 22 car spaces at the rear.
Tenant pays all outgoings as per lease.
Guaranteed fixed 2.5% annual rent increases.
Net income: $270,000 pa + GST

Featured Details

Gross Building Area 1969 sqm
Land Size 2,290 sqm
Rent Period Annually

Property Enquiry

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Contact Details

Office Details

Unit 152, Level 1, 41 Eastlake Parade, Kingston ACT 2604

T 02 6152 9113 E canberra@burgessrawson.com.au

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