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89 Grimshaw Street, GREENSBOROUGH, VIC, 3088
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89 Grimshaw Street, GREENSBOROUGH, VIC, 3088

2. Property Highlights

New Lease to ASX Listed Giant
  • New Lease to TAB
  • Fixed 3.5% Annual Rent Increases
  • Tenant pays outgoings incl land tax

+ New lease to TAB plus options to 2030

+ TAB: Australia’s biggest multichannel wagering provider, ASX listed tenant with a market cap of $2.23B

+ Attractive 3.5% fixed annual rent increases, assuring future rental growth

+ Tenant pays all usual outgoings including single holding Land Tax as per the lease

+ Strategic location situated amongst other national retailers including Woolworths, KFC, JB-Hi-Fi, Chemist Warehouse, K-Mart, BP and more.

+ Positioned directly opposite Greensborough Plaza attracting 8,400,000 visitors annually.

+ 349* sqm freehold site situated on Grimshaw Street in Greensborough’s main retail strip with 10,800 vehicles passing daily.***

+ Important 360 space public car park at the rear of the property with direct customer access

+ Single tenant and minimum management investment

+ Greensborough: Population forecasted to grow 22% to 20,490 by 2041.**

+ Net Income: $115,000 pa + GST

To be sold via Burgess Rawson's Investment Portfolio Auction

Wednesday 7 December 2022

Crown Casino, Melbourne

*approx

** forecast id.

*** gap maps

Remember to mention you found this property on CommercialReady

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Raoul Holderhead
Raoul Holderhead
+61 *** *** *** show +61 413 860 304
Justin Kramersh
Justin Kramersh
+61 *** *** *** show +61 460 349 605

3. Property Location

89 Grimshaw Street, GREENSBOROUGH, VIC, 3088

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4. Due Diligence

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89 Grimshaw Street, GREENSBOROUGH, VIC, 3088 Greensborough
Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 20/150 Lonsdale St, Melbourne VIC 3000
Raoul Holderhead
Raoul Holderhead
+61 *** *** *** show +61 413 860 304
Justin Kramersh
Justin Kramersh
+61 *** *** *** show +61 460 349 605
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