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37 Bank Street, COBRAM, VIC, 3644
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37 Bank Street, COBRAM, VIC, 3644

2. Property Highlights

New 10 Year Lease to Pets Domain - Building Fully Refurbished in 2021
  • Leased to Pets Domain & Intersport
  • Immaculately presented building
  • Position perfect freehold title

+Brand new Ten (10) year lease to 2031 plus options to 2051 to Pets Domain (65% of income).

+Pets Domain: proven operator with 49 locations nationally.

+Brand new Five (5) year lease to 2026 plus option to 2031 to Intersport (34% of income).

+Intersport: 70+ stores across Australia.

+100% leased to proven & successful national retailers.

+Fixed 3% annual rent increases.

+Prominent 993sqm* building with important rear loading.

+Building fully refurbished to a high standard in 2021 offering significant tax saving depreciation benefits.

+Prime 1,204sqm* site with ROW access and 8 on-title car parks.

+Prime CBD site amongst Woolworths, IGA, McDonald’s, Australia Post & Kmart.

+Potential 50% stamp duty savings.

+Cobram: important service centre with 25,000+ catchment.

+Net Income: $129,870pa + GST ($133,766pa + GST as at December 2022)

For Sale by Investment Portfolio Auction

10:30am (AEDT) Wednesday 22 June 2022

Crown Casino - River Room

Remember to mention you found this property on CommercialReady

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Shaun Venables
Shaun Venables
+61 *** *** *** show +61 411 860 865
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898

3. Property Location

37 Bank Street, COBRAM, VIC, 3644

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4. Due Diligence

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37 Bank Street, COBRAM, VIC, 3644 Cobram
Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 20/150 Lonsdale St, Melbourne VIC 3000
Shaun Venables
Shaun Venables
+61 *** *** *** show +61 411 860 865
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898
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