Long Proven Bakery Only Metres From Woolworths
Lot 2/57 Smythe Street, Benalla VIC
Property Highlights
Brand New 5+5 Year Net Lease
Fixed 3% annual rent increases
Central amongst national retailers
Description
+ Renewed 5 year lease plus 5 year option through to 2031
+ Fixed 3% annual rent increases – assuring growth
+ Long established bakery circa 1998, originally Bakers Delight
+ Lessee pays all usual outgoings as per lease
+ 91 sqm premises with exposure to adjoining Woolworths & ALDI supermarkets plus parking
+ Central amongst McDonald’s, KFC, Subway and other retailers
+ Benalla: strong regional centre, trade catchment circa 14,000+
+ Net Income: $42,024 pa + GST
For Sale by Investment Portfolio Auction
11am (AEST) Tuesday 28 September 2021
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
91 SQM
Building Area
91 SQM