Savills is delighted to offer for sale a modern, freestanding retail investment located at 187 Settlement Road, Thomastown. This major retail property presents immaculately throughout and with new long term leases to a high quality long standing tenant - Gainsville Furniture, represents an incredible opportunity to secure a perfectly positioned investment within one of Melbourne’s most popular retail and commercial hubs.
The key attributes of the property include:
* Modern, high profile retail investment
* Significant 7,026sq m* retail space with 73 car spaces on title
* Major landholding of 1.238ha*
* Leased to luxury furniture retailer Gainsville Furniture which has three Victorian locations (including Eureka Tower)
* Long standing tenant currently expanding leased space in this location (increasing space by 85%*)
* New 10 year leases plus 5+5 year options
* Net Rental: $524,233 per annum* + Outgoings & GST
* Attractive net lease structures with 3.5% rental increases
* Prominent position in major northern suburbs commercial hub
* Huge depreciation benefits available
The opportunity to secure a modern retail investment, securely leased to a high quality tenant and located within one of Melbourne’s booming suburban locations is extremely rare, and as such we strongly recommend this fantastic opportunity.
187 Settlement Road, Thomastown is For Private Sale.
For further information, please contact:
Jesse Radisich - 0402 085 702
Clinton Baxter - 0413 569 888
Benson Zhou - 0458 488 888
For more details, please email agent