CBRE, in conjunction with GormanKelly, are pleased to offer to market Benalla ‘Mitre 10’ located at 45 Sydney Road, Benalla VIC for sale via National Investment Portfolio Auction 184.

The property has the following key investment highlights:

+ As new Eight (8) Year lease to January 2032 plus Eight (8) further Five (5) Year options to January 2072.
+ 100% leased to Mitre 10, a subsidiary of ASX listed ‘Metcash Limited’ including a corporate guarantee.
+ Metcash Limited: Major ASX listed wholesale distribution group supporting Australia’s leading brands including IGA Supermarkets, Mitre 10, Total Tools and Cellarbrations. (2)
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings, including single holding land tax, as per the lease.
+ Fixed, compounding 2.5% annual rent increases ensuring continued income growth.
+ Dominant 9,000 sqm* freehold site with 60m* frontage and exposure to Sydney Road, Benalla’s main thoroughfare, servicing 69,300* vehicles passing weekly.(3)
+ Modern 4,023 sqm* building incorporating retail showroom, drive-thru trade warehouse, garden centre plus a dedicated Bi-Rite Electrical department, all in line with the Mitre 10 corporate fit-out and design.
+ Low 44% site coverage, underpinning long term flexibility and future expansion or value add potential (STCA).
+ 52 sealed on-site car spaces (with additional 122 car parks from adjoining Benalla Homemaker Centre).
+ Located within Benalla’s pre-eminent retail and large format precinct, adjoining the Benalla Homemaker Centre and amongst national brands Petstock, Pets Domain, Supercheap Auto, Reece, Bridgestone, Schnieder Electric, Goodyear and Toyota, all within 300m*.
+ Benalla: important suburb located in the Hume Region of Victoria, with population forecast to boom 40% over the next 20 years.
+ Potential 50% stamp duty savings.
+ Net Income: $525,313 pa* + GST

For Sale by Investment Portfolio Auction 184
10:30am AEST Wednesday 13 May 2025
Garden Room, Crown Casino, Melbourne

Please contact the exclusively appointed sales team for more information.

*Approx
1. Market Capitalisation May 2025
2. Metcash
3. Gapmaps