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4/78 Horne Street, SUNBURY, VIC, 3429

+8 Photos

+10 Photos

SOLD

4/78 Horne Street, SUNBURY, VIC, 3429

Properties / Sold / Victoria / Sunbury

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

443 m² (*approx)

Floor Area

443 m² (*approx)

Property Type

Retail, Other

Terms

Brand New 7 Year lease to 2029 plus option to 2034

Est. Income

$104,519 p/a

Fully Leased

Wattyl Paints

Show All

2. Property Highlights

New 7 Year Lease to Blue Chip Tenant

Brand new 7 year lease to 2029
Attractive annual 3% rent increases
Leased to Wattyl Paints

+Brand New 7 Year lease to 2029 plus option to 2034

+Hempel Group: World-leading supplier of trusted coating solutions with FY 20/21 revenue circa €1.7 billion

+Wattyl Paints: Over 100 Wattyl Paint stores across Australia and New Zealand

+Attractive rental growth assured with annual 3% increases

+Highly sought after ‘Essential Service’ asset class

+Superb 443sqm* building with substantial 21metre* frontage plus on-site parking

+Absolute position perfect main road location amongst major retailers including Beaurepaires, Ampol, Ford, Puma, Salvo’s store, Autobarn, Bob Jane T Mart and Snap Fitness all within 400* metres

+Situated on arterial road between the Calder Freeway and the Sunbury CBD

+Sunbury: A booming Satellite city 38kms from the Melbourne CBD with a population forecast to grow by 155% by 2041 2041

+Net Income: $104,519 pa + GST (Dec 22)

For Sale by Investment Portfolio Auction

10:30am (AEST) Wednesday 3 August 2022

Crown Casino - River Room

*approx.

Remember to mention you found this property on CommercialReady

Property Type

Retail, Other

Est. Income

$104,519 p/a

Tenant

Wattyl Paints

Terms

Brand New 7 Year lease to 2029 plus option to 2034

Land Area

443 m² (*approx)

Floor Area

443 m² (*approx)

Selling Method

Auction

Selling Details

Price on Request

2. Property Highlights

New 7 Year Lease to Blue Chip Tenant

Brand new 7 year lease to 2029
Attractive annual 3% rent increases
Leased to Wattyl Paints

+Brand New 7 Year lease to 2029 plus option to 2034

+Hempel Group: World-leading supplier of trusted coating solutions with FY 20/21 revenue circa €1.7 billion

+Wattyl Paints: Over 100 Wattyl Paint stores across Australia and New Zealand

+Attractive rental growth assured with annual 3% increases

+Highly sought after ‘Essential Service’ asset class

+Superb 443sqm* building with substantial 21metre* frontage plus on-site parking

+Absolute position perfect main road location amongst major retailers including Beaurepaires, Ampol, Ford, Puma, Salvo’s store, Autobarn, Bob Jane T Mart and Snap Fitness all within 400* metres

+Situated on arterial road between the Calder Freeway and the Sunbury CBD

+Sunbury: A booming Satellite city 38kms from the Melbourne CBD with a population forecast to grow by 155% by 2041 2041

+Net Income: $104,519 pa + GST (Dec 22)

For Sale by Investment Portfolio Auction

10:30am (AEST) Wednesday 3 August 2022

Crown Casino - River Room

*approx.

Remember to mention you found this property on CommercialReady

Tenanted Investment