1-13 Ilex Street Red Cliffs VIC 3496

Cushman & Wakefield Melbco Retail Investments & First National are delighted to exclusively present a premium freestanding supermarket investment at 1-13 Ilex Street, Red Cliffs for sale.

Blue-chip tenant in Ritchies IGA with some 150 stores nationally and in excess of $1.4b in annual revenues.
Tenant in operation for 40 years
15-year lease in place with extremely favorable CPI increases and further options
Significant net income of $470,565 per annum plus GST & Outgoings
Large land holding with significant overflow car parking land to the north and rear of the complex.
One of Australia's oldest retail chains established in 1870 with 6500 employees nationally part owned by $4b conglomerate Metcash
Non-discretionary retail tenant operating from the property since 1983*
Potential 50% Stamp duty savings for purchasing regional VIC property.

*Approx

1-13 Ilex Street, Red Cliffs is offered for sale via Private Sale

Cushman & Wakefield

Oliver Hay | 0419 528 540
George Davies | 0421 799 489
Raphael Favas | 0435 916 380
Jeff Ha | 0401 145 166

First National Real Estate

Ben Ridley | 0407 830 970