Horsham Large-Format Retail | Trophy Asset | Net Yield: 5.8% (6.0% Effective) | Long WALE with 3.5% Fixed Increases

This trophy large-format retail asset offers rare access to secure, long-term income backed by one of Australia’s strongest retail covenants.

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The property delivers an initial net yield of 5.8%, improving to an effective 6.0% with a 50% stamp duty concession, providing immediate, defensive cash flow. Annual fixed rental increases of 3.5% and under-market rent levels create a clear pathway for ongoing income and capital uplift, with market reviews expected to drive material value growth at each option period.

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With long lease security, minimal direct competition, triple street frontage and an estimated replacement cost of circa $20 million, the asset is exceptionally well positioned for long-term performance.

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Major capital works are being completed prior to settlement, ensuring the purchaser acquires a fully refurbished asset with limited future capex. Located in Horsham’s dominant large-format retail precinct, servicing a trade catchment of approximately 55,000 people, this exclusive off-market opportunity combines defensive income, built-in rental growth and long-term capital protection.

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With comparable sales indicating pricing closer to a 5% yield at auction, this represents compelling value for investors seeking premium income with embedded upside.