Investment Opportunity to National Retail Tenant!

For Sale - 1A, 32-38 Craigieburn Road, CRAIGIEBURN, VIC 3064

Investment (Retail)

Overview

Property ID: 15546
Price: Contact Agent
Rent: $84,762.30 (ex. GST)
Building: 310m²
Zoning: Commercial 1 zone

Description

A rewarding national retail investment situated in busy Craigieburn Plaza is now available for Private Sale, closing Thursday 27th June 2019 at 3pm.

Occupying a total building area of 310m2* and boasting a frontage of over 10 metres*, this large retail premise features a walk in cooler, storeroom and rear access with loading facility. Further key attributes include cooling and heating, suspended ceiling, floating floors, light fittings and rear loading.

Investment Summary
Tenant: Bottle-O
Rental Return: $84,762.30 p.a. plus GST
Lease Commencement: 29th March 2019
Lease Term: Five (5) Years
Further Term: Three (3) further terms of five (5) years
Reviews: Annual CPI

Bottle-O are independently owned and operated and have over 300 stores nationally.

Situated next door to Woolworths who have recently renewed their lease for a further 15 years from 2016, the property is set amongst other well-known retailers within Craigieburn Plaza including Priceline, Bakers Delight, TAB and Subway all of which are supported by car parking for over 300* vehicles.

Additionally, Craigieburn Plaza provides excellent access to the Hume Highway/Craigieburn Bypass and other major arterials.

For further information on this premium investment, please contact CVA Property Consultants.

*approx

Plans & Documents

Additional Info

Features
Occupancy Tenanted: DTSK PTY LTD t/a Bottle-O Craigieburn
Lease Term 5+5+5+5 Years
Rent Review Annually to CPI with a market review every 10 years
Commenced 29th March 2019
Bonds / Guarantees Equivalent to three months rent and Directors Guarantees
Car Spaces Shared - approximately 300 spaces
Car Parking Fees Nil
Outgoings
Outgoings Payable By lessee

Agent Details

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