Trophy Bay Street Supermarket Investment

78-82 bay street, port melbourne

Price on Request

  • Coveted Bay Street Retail Precinct
  • Proven Operator with Multiple Stores
  • Abundance of Apts in close proximity

Property Details

Secure 5 year lease to 2020 plus 3 x 5 year options through to 2035
IGA: Metcash subsidiary and supermarket chain with over 5,000 stores in 30 countries and over 1,400 in Australia
Proven store since 2005
Experienced IGA Supermarket operators with numerous inner city stores including South Yarra and South Bank
Fixed 4% increases/Lessee pays all usual outgoings as per the lease
Ground floor location of the luxury 8 level Bayview Apartments (271 units)
Net lettable area of 368 sqm with street frontage of 12.8 metres
Central amongst major retailers including ANZ, NAB, CBA Westpac, Telstra, Australia Post & Flight Centre
Bay Street, Port Melbourne: epicentre of one of the most vibrant, tightly held retail precincts in Melbourne
Rent: $218,576 pa (November 2017)

Auction 11am AEST Wednesday 20 September 2017
River Room, Crown Casino, Melbourne

Featured Details

Current Tenant Tenanted
Gross Building Area 368
Rent Period Annually

Property Enquiry

Regarding Property ID: VIC001470

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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