12 Year Lease to a National Retail Icon


+ Brand new 12 year lease plus two (2) x 10 year options through to 2054.
+ National Tiles: A national retail icon since 1979, currently with over 500 employees through 38 stores nationally and a further imminent rollout of new stores Australia wide.
+ Record FY21 turnover circa $150 million, with 17% average annual revenue growth over the last 5 years.
+ Investor preferred net lease terms with tenant paying all usual outgoings as per the lease.
+ Rare security with 6 month bank guarantee.
+ Annual, fixed compounding 3% increases- assuring long term rental growth.
+ Modern and Immaculate 1,360sqm* retail showroom and warehouse plus 32 on site car spaces.
+ High profile 2,171sqm site with huge exposure to busy Whitehorse Road which sees over 43,000 vehicles passing daily
+ A highly sought after central position with many national home improvement/retail tenants within close proximity including Total Tools, Tradelink BBQs-R-Us, Doors Plus, Wattyl Paint Centre, Rapid Tune and many more.
+ Mitcham: Part of the City of Whitehorse, 20kms East of Melbourne’s CBD with an estimated population of 184,972 in 2022.**
+ Net Income: $333,960*


For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 23 February 2022
Crown Casino, Melbourne.

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Contact agents
Matthew Wright Partner
0458 290 588
Raoul Holderhead Partner
0413 860 304
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Mitcham, VIC

621 Whitehorse Road

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 150

Contact agents