5 year lease to IGA X-Press Supermarket Plus Liquor until 2021.
Two further options to 2031.
Well-presented freestanding Supermarket on large site.
Orbost , an integral part of the East Gippsland Region which is home to a permanent resident population of 45,057 generating $1.72 billion in GRP.
Population is forecast to increase by over 19% to 53,829 by 2036.
High profile exposure in heart of Orbost’s main retail precinct.
Easily managed single tenant investment.
Valuable depreciation benefits built circa 2009.
Guaranteed rental growth, fixed 3% annual rental increases.
Net Income: $123,600 pa + GST.
|Gross Building Area