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Ritchies SUPA IGA Supermarket - Poised For Growth

58-66 Vincent Street, ARARAT VIC, 3377

Sold

Property Sold in 58-66 Vincent Street, ARARAT VIC, 3377

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11259225
Status:
Sold
Price:
Price on Request
Last Updated:
06/09/2019
Icon building

Property Type

Retail
Icon square

Land Area

5272 SQM
Icon size

Floor Area

2499 SQM
Icon parking

Parking

N/A

Ritchies SUPA IGA Supermarket - Poised For Growth

New 10 year lease to November 2027 plus a 10 year option to 2037
A resilient supermarket of over 30 years and now under Ritchies management, an improving trader approaching percentage rental threshold
Business recently acquired by Metcash Ltd's backed Ritchies Stores Pty Ltd presently trading jointly as Fishers and Ritchies under a 3 year planned transition and progressive upgrades
Purpose built supermarket of 2,499 sqm with all usual departments including a highly successful liquor outlet
Large 5,272 sqm Commercial 1 Zoned site with convenient shop front parking for 76 cars including 55 on-title
Ararat: A major regional service centre and gateway to the Grampians with population catchment of over 25,000 people
Attractive income tax saving depreciation benefits
Rent: $198,000 pa

Auction 11am AEST Wednesday 20 September 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


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