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Affordable Retail Freehold Investment

11 Victoria Street, WARRAGUL VIC, 3820

Sold

Property Sold in 11 Victoria Street, WARRAGUL VIC, 3820

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

  • Profile placeholder
  • Alex Shum
Listing ID:
11251523
Status:
Sold
Price:
Price on Request
Last Updated:
25/05/2020
Icon building

Property Type

Retail
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Land Area

298 SQM
Icon size

Floor Area

1 SQM
Icon parking

Parking

N/A

Affordable Retail Freehold Investment

Renewed 5 year lease to 2021 with additional 5 year option to 2026
Fixed 4% rent reviews/Tenant pays all outgoings
Established and successful store in prime retail location amongst
Woolworths, Coles, McDonald’s, KFC & major banks
Large 298 sqm site with 12m of retail frontage
Single tenant minimum management investment
Ozmosis: one of Australia's largest retailers of surf, skate and street fashion and owned by the Rip Curl Group
Rip Curl Group: global surf apparel giant with 332 stores worldwide and an annual revenue of $480 million in 2016
Warragul/Drouin: an outer satellite suburb only 33km from metro Melbourne, experiencing a major housing and population boom with forecast growth to 43,000 by 2026
Rent: $93,600 pa + GST (September 2017)

Auction 11am AEST Wednesday 9 August 2017
River Room, Crown Casino, Melbourne

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

  • Profile placeholder
  • Alex Shum

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