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1A Madden Street, HORSHAM, VIC, 3400

2. Property Highlights

Priceline, Healthcare Leader | Subsidiary of Wesfarmers ASX Giant
  • 10 Year Lease to 2029 Plus Options
  • Priceline, 470+ Stores Nationally
  • Integrated with adjoining Family Doctor

Under instructions from McGrathNicol Liquidators of Tristar Property Holdings

+ Long Ten (10) year lease to December 2029 plus options through to December 2039.

+ Priceline: Australia's leading pharmacy, health & beauty retailer, with 470+ stores nationally, owned by ASX listed retail giant Wesfarmers Ltd.*

+ Wesfarmers (ASX:WES), one of Australia's largest retailers with a market cap of $55.55 billion.**

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

+ Favourable CPI reviews annually.

+ Gross 159sqm* premises with modern medical fit-out.

+ Strategically situated within medical precinct with seamless integration to adjoining Family Doctor medical centre.

+ Located in the Horsham CBD, surrounded by national tenants including Aldi, Harvey Norman, Goodstart Childcare Centre and Cheap as Chips.

+ Includes car spaces on-title.

+ Potential 50% Stamp Duty Savings.

+ Horsham: Wimmera’s commercial and retail capital with a trade catchment of circa 55,000 people and annual economic output of $7.481 billion.*** The region produces more than half of Victoria’s total grain crop, oilseeds and pulses.****

+ Estimated Rent: $57,198 pa* + GST

To be sold by Investment Portfolio Auction: 

10:30am AEDT Wednesday 22 February 2023

Crown Casino, Melbourne VIC

* Priceline

** Wesfarmers

*** Wimmera Development Association

**** Remplan

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3. Property Location

1A Madden Street, HORSHAM, VIC, 3400

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4. Due Diligence

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