Mega Mile freehold fully leased to national retailer Petbarn on a term of seven (7) + five (5) + five (5) years with a current rental return of $275,000.00 per annum net + GST.
This brand new building is positioned on Whitehorse Road in the highly sought after bulky goods and retail precinct better known as the Mega Mile.
Key features of this impressive property include:
- Outstanding tenant - Petbarn Pty Ltd, part of ASX top 200 listed Greencross Ltd
- Brand new building completed in December 2014
- High quality concrete panel construction with air conditioning throughout*
- Building area: 845m2 (approx)
- Land area: 1,529m2 (approx)
- Frontage to Whitehorse Road of 30 metres (approx)
- Generous on street car parking and convenient service road access
- Great public transportation facilities; 750 metres (approx) from Nunawading Railway Station
- Generous depreciation taxation allowances
The sought after Mega Mile bulky goods and retail precinct hosts an elite group of national and international traders including Bunnings Warehouse, Officeworks, Repco, Toyota, Rays Outdoors, Autobarn, McDonalds, KFC and the recently refurbished Brandsmart.
Petbarn Pty Ltd is guaranteed by ASX top 200 listed Greencross Ltd which has revenue exceeding $445 million (June 2014) and has 3000 employees (approx). Greencross operate over 285 locations across Australia and New Zealand incorporating specialty pet care retail stores and veterinary clinics.
This is a wonderful opportunity to purchase a brand new freehold and to secure your piece of the Mega Mile with an outstanding tenant.
For more details, please email agent