1/621 Whitehorse Road, MITCHAM, VIC, 3132

+ Brand new 12 year lease plus two (2) x 10 year options through to 2054.

+ National Tiles: A national retail icon since 1979, currently with over 500 employees through 38 stores nationally and a further imminent rollout of new stores Australia wide.

+ Record FY21 turnover circa $150 million, with 17% average annual revenue growth over the last 5 years.

+ Investor preferred net lease terms with tenant paying all usual outgoings as per the lease.

+ Rare security with 6 month bank guarantee.

+ Annual, fixed compounding 3% increases- assuring long term rental growth.

+ Modern and Immaculate 1,360sqm* retail showroom and warehouse plus 32 on site car spaces.

+ High profile 2,171sqm site with huge exposure to busy Whitehorse Road which sees over 43,000 vehicles passing daily

+ A highly sought after central position with many national home improvement/retail tenants within close proximity including Total Tools, Tradelink BBQs-R-Us, Doors Plus, Wattyl Paint Centre, Rapid Tune and many more.

+ Mitcham: Part of the City of Whitehorse, 20kms East of Melbourne’s CBD with an estimated population of 184,972 in 2022.**

+ Net Income: $333,960*

**Forecast.id

For Sale by Investment Portfolio Auction

10:30am (AEDT) Wednesday 23 February 2022

Crown Casino, Melbourne.

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