CBRE are pleased to offer to market the Ritchie’s IGA Supermarket Plus Liquor anchored freehold located at 177-197 York Street, Sale VIC for sale via Investment Portfolio Auction 183.

The property has the following key investment highlights:

+ Commanding 2,823sqm* freehold building anchored by 2,346sqm* full line IGA supermarket plus drive-thru liquor.
+ Renewed 10 year net lease to Ritchie’s IGA until September 2032 plus 10 year option to 2042.
+ Ritchie’s IGA: one of AUS largest independent supermarket chains with $1.396B* revenue in 2025, and 29.9% owned by ASX listed Metcash. (1)
+ High performing IGA supermarket plus liquor paying turn over rent for the past Six (6) years consecutively.
+ Building incorporates full line IGA supermarket, drive-thru liquor, 4 retail shops and 1 office.
+ Important drive-thru liquor facility, the only drive-thru liquor store in Sale.
+ Direct exposure to 240+ sealed and lined car spaces.
+ Significant 3,566sqm* freehold Commercial 1 Zone landholding with 93 metre* highway frontage.
+ High profile Princes Highway location with 15,400* vehicles passing daily. (2)
+ Amongst McDonald’s, KFC, Hungry Jack’s whilst also sharing central car park with other national retailers incl BCF, Supercheap Auto & Chemist Warehouse.
+ Potential 50% stamp duty saving.
+ Sale: major regional hub and capital township of shire with growing 19,000+ trade catchment.
+ Fully Leased Net Income: $410,920pa* + GST

To be sold via Investment Portfolio Auction
10:30am AEDT Wednesday 1 April 2026
Crown Casino, Melbourne

*Approx
1. Ritchies
2. GapMaps