Renewed 5 year lease to DuluxGroup to 2023 plus option to 2028.
DuluxGroup Limited (DLX): Leading marketer and manufacturer of premium branded products including Dulux, Selleys, Yates, Cabot’s, B&D, British Paints, Berger, Poly and Hortico. Market cap $3 Billion (May 2018).
Fixed annual 3% rent increases.
Premium Commercial 1 Zoning.
Immaculately presented 507 sqm retail showroom over two titles, ample store front parking and dual RSD access at rear.
Strategic position between Westfield, Bunnings, South Morang Train Station, car dealers and Large Format Retailers.
Tenant pays all usual outgoings including Single Holding Land Tax.
City of Whittlesea: one of Australia’s fastest growing municipalities – current estimated population 209,118 forecast to grow 81.40% by 2041.
Rent: $114,000 pa.
Auction 11am AEST Wednesday 20 June 2018
River Room, Crown Casino, Melbourne
For more details, please email agent