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Classic Woolworths Investment, Freestanding, Net Lease

28 Wallis Street, SEYMOUR VIC, 3660

Sold

Property Sold in 28 Wallis Street, SEYMOUR VIC, 3660

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11362321
Status:
Sold
Price:
Price on request
Last Updated:
28/11/2019
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Property Type

Retail/Showrooms/Bulky Goods
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Land Area

10375 SQM
Icon size

Floor Area

4675 SQM
Icon parking

Parking

N/A

Classic Woolworths Investment, Freestanding, Net Lease

+ Securely leased to Woolworths, one of Australia’s most desirable tenants
+ Long lease with options to August 2043
+ Preferred net lease terms with Woolworths paying outgoings
+ Rental growth phase imminent
+ Substantial 4,675 sqm full line supermarket with all departments including BWS liquor
+ Significant 10,375 sqm landholding providing abundant customer parking
+ Recent $1.5million upgrade by Woolworths, car park about to undergo $300,000 improvements
+ Excellent tax saving depreciation benefits
+ Seymour: growing commuter centre, less than 1 hour from Melbourne
+ Net Income: $800,000 pa + GST

For Sale by Auction
12 noon Wednesday 30 October 2019
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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