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134-136 Deakin Avenue (Sturt Hwy), MILDURA, VIC, 3500

+11 Photos

+13 Photos

SOLD

134-136 Deakin Avenue (Sturt Hwy), MILDURA, VIC, 3500

Properties / Sold / Victoria / Mildura

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

1,389 m² (*approx)

Floor Area

999 m² (*approx)

Property Type

Retail, Other

Terms

Lease until 2027 plus options through to 2042

Fully Leased

Officeworks

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2. Property Highlights

Trophy CBD Officeworks Investment- Brand New Lease

Blue-chip essential service investment
Officeworks: Wholly owned by Wesfarmer
Brand New 5 year lease plus options

+ Brand new lease to Officeworks until 2027 plus options through to 2042.

+ Blue-chip tenant, leading essential service retailer, wholly owned subsidiary of $64 billion Wesfarmers Ltd (WES: ASX).

+ Officeworks is a market leading essential service retailer and major beneficiary from the work-from-home shift, recently reporting a 23.6% increase in half year sales revenue*.

+ Annual rent reviews

+ Constructed 2012, offering significant income tax depreciation benefits.

+ High profile 1,389 sqm main road site with 25 metres of exposure to 15,453 vehicles per day.

+ Immaculately presented 999sqm* standalone building

+ Commanding entry position and exclusive car park access within a new large format retail complex, including Hog’s Breath Café.

+ Located within 400m of Woolworths, Ritchies IGA, Centrelink, Quest, major banks, and other national retailers.

+ Mildura: Bustling commercial centre of the Sunraysia and Murray River region, trade catchment circa 60,000 and growing.

+ Potential 50% Stamp duty savings.

+ Rent: $136,539 pa + GST

*Wesfarmers

For Sale by Investment Portfolio Auction

10:30am (AEDT) Wednesday 23 February 2022

Crown Casino, Melbourne.

Remember to mention you found this property on CommercialReady.com.au