3/174-178 Torquay Road, GROVEDALE, VIC, 3216

+ 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 & Immaculate 1,720sqm* retail showroom, office and warehouse with rear access.

+ Strategic Investment with this branch also including National Tiles Head Finance office located on the first floor.

+ Outstanding exposure to busy Surfcoast Hwy /Torquay Road (38,000 vehicles passing daily) which connects Geelong to booming Armstrong Creek/Torquay, Great Ocean Road and Bellarine Peninsula.

+ An abundance of leading retailers surround including Total Tools, Carpet Court, Middys Electrical, KFC, BBQs Galore and BOUNCEinc.

+ Grovedale: Suburb of Greater Geelong, booming growth corridor with 100,000 predicted over the next 5 years

+ 50% Potential Stamp Duty Saving

+ Rent: $320,375 pa* + GST

For Sale by Investment Portfolio Auction

10:30am (AEDT) Wednesday 23 February 2022

Crown Casino, Melbourne.

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