Burgess Rawson from CBRE are delighted to offer to market the Cheap as Chips at 40 Moore Street, Ararat VIC for sale by Private Treaty.

The property has the following key investment highlights:

+ 10-year ‘head office’ lease to Cheap as Chips to April 2032, plus options to 2042.
+ Cheap as Chips: Longstanding and proven discount goods retailer est. 1985 with a network of 50+ stores, 100% Australian owned and operated.
+ Dominant 4,264sqm* freehold landholding with over 100 metres* of frontage to Moore Street and directly opposite ALDI and IGA supermarkets.
+ Recently refurbished 1,256sqm* showroom with rear loading bay and 28 car spaces on title.
+ Low 29% site coverage providing future opportunities to extend the building and/or develop (STCA).
+ Premium Commercial 1 Zoning (C1Z).
+ Situated in the heart of Ararat’s commercial centre, providing prominent access to key retail, commercial and transport amenity including Ararat Hospital, Woolworths, ALDI, K-Hub, McDonalds and Ararat Train Station.
+ Western Highway Duplication: the Australian Government and Victorian Government are investing $450 million to contribute to the Western Highway Duplication between Ararat and Stawell as part of Victoria’s Big Build. (1)
+ Annual CPI rent reviews.
+ Single tenant minimum management investment.
+ Ararat: major commercial centre and gateway to the Grampians with a trade catchment 25,000+.
+ Potential 50% Stamp Duty Savings.
+ Net Income: $161,622 pa* + GST.

For sale by Private Treaty.

*Approx
(1) Infrastructurepipeline.org