A high-class Retail investment
The property comes with a brand new 5-year net lease with further 2 x 5-year options extending the lease to 2039. It also boasts CPI annual increases. The current tenant, Mitre 10 has been occupying this tenancy since 2009.
The property features a 3,500m2 net lettable area situated atop high profile 7,700m2 of Neighbour Centre Zoned land with less than 4km to the CBD. Additionally, 51 car parking spaces are available, ensuring easy accessibility for its clients.
Industrial investments positioned in high-growing areas with strong lease covenants via an established company are rarely available on the market. Therefore, without using the Rethink Investing acquisitions team, it will be hard to find deals like this. So please reach out if you would like the next opportunity like this one.
- Leased until 3 February 2029 with 2 x 5 year options
- Net rent $400,224.07 pa + GST as at 03 February 2023
- CPI increase annually + Outgoings as per lease
- 3,500 sqm of net lettable, retail and warehouse space
- 7,700 sqm approximate land area
- A strong tenant with a strong history of operations on site with a great trade based customer profile