Renewed 5 year lease to 2024 plus options to 2034.
High yielding investment – circa 8%-9%.
Tenant pays all usual outgoings.
High profile 714sqm corner site, 54m frontage & premium Commercial 1 Zoning.
National Pharmacies: In operation for over 100 years with 51 pharmacies in SA, VIC & NSW along with 20 optical stores in SA.
Prestigious two storey building with impressive tenant fit-out.
Irreplaceable position amongst national retailers ALDI, Woolworths, KFC, Coles and McDonald’s.
Within The Great Ocean Road region attracting 5.1 million visitors who spent an estimated $1.2 billion in the year ending March 2017.
Warrnambool: Victoria’s largest coastal city (outside Port Phillip Bay) servicing a trade catchment of 100,000+ residents & growing.
Rent: $281,309 pa + GST (March 2019).
Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne
For more details, please email agent