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The Reject Shop (TRS) @ Fitzroy Street Kerang is a single level, freehold investment on a fresh lease to ASX listed tenant, The Reject Shop.
The lease commenced Friday the 14th of March and runs for a period of 6 years and has a 5-year option to extend. TRS report fantastic trading since opening earlier this year.
History
_________________
The property's previous iteration was as an indoor bowling alley.
The solid and well insulated double brick (thickness) exterior of the building was retained, being built to last several generations.
The balance of the property (everything else) has been refurbished or replaced with new roof/plumbing/electrical/air-conditioning, doors & flooring.
The property provides substantial tax depreciations.
Key Lease Details
____________________
• Net Income: $170,000 approx. (30th June 2025)
• Lease commencement: 14th March 2025
• Lease term: 6 year initial term with 1 x 5 year option
• Annual Increases: 3% per annum
Key Property Features
____________________
• Recent building upgrades including new roof, A/C, flooring, and electricals
• Prime main street frontage in Kerangs' busy retail precinct
• Flood-free, freehold site with Commercial 1 zoning and strong regional catchment
Contact Stephen Kidd today for further information - 0413 550 474
Key Search Terms:
___________________
Regional VIC Retail Investment
Single Tenant Commercial Asset
Commercial 1 Zoning
Gannawarra Shire Real Estate
Passive Retail Investment VIC
High Street Retail Strip Property
Freehold Shop Front VIC
Commercial Property with New Lease
Auction Retail Investment Victoria
CBD Retail Opportunity
Low Maintenance Investment Property
New Fitout Retail Property
Remember to mention you found this property on CommercialReady
The Reject Shop (TRS) @ Fitzroy Street Kerang is a single level, freehold investment on a fresh lease to ASX listed tenant, The Reject Shop.
The lease commenced Friday the 14th of March and runs for a period of 6 years and has a 5-year option to extend. TRS report fantastic trading since opening earlier this year.
History
_________________
The property's previous iteration was as an indoor bowling alley.
The solid and well insulated double brick (thickness) exterior of the building was retained, being built to last several generations.
The balance of the property (everything else) has been refurbished or replaced with new roof/plumbing/electrical/air-conditioning, doors & flooring.
The property provides substantial tax depreciations.
Key Lease Details
____________________
• Net Income: $170,000 approx. (30th June 2025)
• Lease commencement: 14th March 2025
• Lease term: 6 year initial term with 1 x 5 year option
• Annual Increases: 3% per annum
Key Property Features
____________________
• Recent building upgrades including new roof, A/C, flooring, and electricals
• Prime main street frontage in Kerangs' busy retail precinct
• Flood-free, freehold site with Commercial 1 zoning and strong regional catchment
Contact Stephen Kidd today for further information - 0413 550 474
Key Search Terms:
___________________
Regional VIC Retail Investment
Single Tenant Commercial Asset
Commercial 1 Zoning
Gannawarra Shire Real Estate
Passive Retail Investment VIC
High Street Retail Strip Property
Freehold Shop Front VIC
Commercial Property with New Lease
Auction Retail Investment Victoria
CBD Retail Opportunity
Low Maintenance Investment Property
New Fitout Retail Property
Remember to mention you found this property on CommercialReady
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