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104 Lonsdale Street, HAMILTON VIC, 3300

Sold
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Property Sold in 104 Lonsdale Street, HAMILTON VIC, 3300

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11324593
Status:
Sold
Last Updated:
26/05/2020
Price:
On Request
Icon building

Property Type

Retail/Showrooms/Bulky Goods/Other
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Land Area

11584 SQM
Icon size

Floor Area

3870 SQM
Icon parking

Parking

N/A

Dominant New Freestanding Coles Supermarket Investment

20 year lease to 2035 plus 2 x 10 year options
New (2015) full line 3,870 sqm store including liquor
High performer just 0.66% off turnover threshold
Coles: Iconic Australian retailer, major 5.8% increase in sales Q1/19
The perfect Landlord lease with Coles paying outgoings, internet sales included, and non-deescalating percentage rent from an early threshold
Outstanding turnover, up 20% since May 2016 and on track for percentage rent prior to settlement
Important 5 yearly base rent reviews – next due May 2020
Superior CBD location with very little threat of new stores
Significant Commercial 1-zoned, 11,584 sqm landholding with 156 at-grade car spaces on title and access to a further 100 integrated spaces
Hamilton: Important commercial service centre servicing 20,000+ trade catchment, geographically protected from competing commercial centres
Net Rent: $1,194,900 pa (Projected Dec 2019 net rent: $1,237,855 pa)

Auction 11am AEDT Wednesday 12 December 2018
River Room, Crown Casino, Melbourne

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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