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Gross Waddell ICR, with Urbis acting as Transaction Manager, is pleased to offer this prime showroom investment located within one of Victoria’s biggest large format retail precincts featuring significant exposure to 18,000^ cars passing daily and surrounded by premium retail brands.
Key Features:
• Significant income profile generating $280, 984* p.a. net + GST
• Secure 7 year lease with 7 year option (Commenced 1 May 2022)
• Strong annual 3% increases with market review at option
• Securely leased to Gatsby Living who has 3 locations across Melbourne
• High profile showroom comprising of 1,240sqm* with rear RSD access and ample surrounding carparking
• Located in one of Australia’s fastest growing regions with huge population growth forecasted
• Neighbouring a plethora of nationally recognised brands inlcuding Bunnings, Forty Winks, JB Hi-Fi, Mitre 10, BCF plus many more
For Sale via Expressions of Interest, Closing Thursday 5th October at 3pm.
For further information or to organise an inspection, please contact the team at Gross Waddell ICR directly.
*Approx
^ Source: bigbuild.vic.gov.au
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