7% Yield Anticipated - Prized CBD Freehold Leased to ASX Listed Tenant
Burgess Rawson in conjunction with LMB Livestock & Land are pleased to offer to the market, Elders Real Estate, Hamilton VIC for sale via our Investment Portfolio Auction 159.
The property has the following investment highlights:
+ Renewed lease to 2025, with options to 2031.
+ Elders Limited: ASX Listed Tenant (ELD) with a market cap of $1.42bn, established in 1839 and has been an integral part of Australia’s rural business landscape.**
+ Elders Real Estate: A branch of Elders Limited, with 1,200+ industry specialists operating in 300+ offices across Australia selling a combined $6 billion worth of real estate.**
+ Landlord-favourable, net lease terms with tenant responsible for all usual outgoings.
+ Prominent 1,027 sqm* gateway corner site with a combined 38 metres* of street frontage and exposure to Gray and Thompson Streets.***
+ 2 Level 535sqm building with 13 car parks on-title.
+ Position perfect, with Coles, Woolworths, ALDI, IGA, Kmart, Cheap as Chips, Harvey Norman, McDonald's, KFC, Reece Plumbing, Mitre 10, Repco and various major car dealerships all within 700 metres*.
+ Surrounded by important social infrastructure, including Hamilton Base Hospital, Hamilton Station and 3 schools within 3km servicing over 2,168 full time students.***
+ Hamilton: The main retail and service centre within the South Grampians Shire, servicing a trade catchment of over 20,000 people. ****
+ Potential 50% stamp duty savings.
+ Net Income: $79,667 pa* + GST
To be sold by Investment Portfolio Auction:
10:30am AEDT Wednesday 29th March 2023
Crown Casino, Melbourne
*Approximately
**Elders
*** Gap Maps
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