- Proven IGA Store - Since 2005
- Fixed 4% Increases - Assuring Growth
- Leading Operators with Numerous Stores
Renewed 5 year lease to 2020 plus 3 x 5 year options through to 2035.
Fixed 4% increases assuring growth.
IGA: Metcash subsidiary and supermarket chain with over 5,000 stores in 30 countries and over 1,400 in Australia.
Experienced supermarket operators with numerous inner city stores including South Yarra, Southbank plus Clifton Hill opening 2018.
Proposed tenant refurbishment in 2018.
Lessee pays 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 Bay Street frontage of 12.8 metres.
Central amongst major retailers including ANZ, NAB, CBA, Westpac, etc.
Bay Street, Port Melbourne: epicentre of one of the most vibrant, tightly held retail precincts in Melbourne.
Rent: $218,576 pa
Auction 11am AEDT Wednesday 28 March 2018
River Room, Crown Casino, Melbourne
|Gross Building Area