Renewed 5 Year Lease to Target Australia – Town Centre Site

132-136 high street (cnr nolan street), maryborough vic

Price on Request

  • Leased to 2021 Plus Options To 2036
  • Lessee Pays All Usual Outgoings
  • Annual $5,000 Rent Increases

Property Details

Renewed 5 year lease to Target Australia to Nov 2021 plus options to 2036
Target: Network of 303 stores (and online) across the country employing over 14,000 – Subsidiary of ASX Listed Wesfarmers Limited
Lessee pays all usual outgoings as per the lease
Annual $5,000 rent increases
Absolute town centre landholding of 1,011 sqm with total retail frontage of 68 metres
Highly versatile, well presented clear span retail building
Commercial 1 Zoning – Premium retail zoning
Single tenant, minimum management investment
Maryborough: capital of the Goldfields Shire – Geographic centre of Victoria with estimated residential population of 12,500+. One hour drive to Bendigo & Ballarat, two hours to Geelong
Rent: $90,000 pa (November 2018)

Auction 11am AEST Wednesday 12 September 2018
River Room, Crown Casino, Melbourne

Featured Details

Current Tenant Tenanted
Gross Building Area 900 sqm
Land Size 1,011 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: VIC002472

Thank you for showing interest in us.

Contact Details

Office Details

Level 7, 140 Bourke Street, Melbourne VIC 3000

T 03 9613 0400 E reception@burgessrawson.com.au

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