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2 Cusack Road
Leongatha VIC 3953
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Sold on 30 Oct 2013

2 Cusack Road Leongatha VIC 3953

  • Factory, Warehouse & Industrial
  • 2.8 ha
  • Sold

New Lease to Metcash subsidiary: Established Mitre 10 Investment

New minimum 12 year lease from May 2013 (plus options) to thriving chain Capeview Mitre 10, majority-owned by Metcash Limited subsidiary.
Metcash: $2.845 billion* ASX top 100 company (as at 28 September 2013), recorded 128% increase in net profit after tax in the 12 months to April 2013.
Mitre 10: Growing network of over 450 stores.
28,020m2*gateway corner title with low 13%* site coverage and potential for further expansion or land subdivision and on-sale STCA.
Thriving store upgraded and extended twice to cope with increased demand since opening in 1997, most recently in 2008.
Includes major Dulux Trade Centre, formerly a freestanding business, acquired by Capeview in 2000 and relocated to the site in 2009.
Annual CPI rent reviews.
Leongatha: Commercial and retail hub of iconic dairy region with 20% increase in number of dwellings between 2001 and 2011 (South Gippsland Shire).
Rent: $264,545 pa*#

May 2014 settlement available.
Interstate and local bidding by prior arrangement.

* All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the Vendor or Agent.
# Approximate projection as at 1 May 2014 based on CPI June 2013 Quarter.

AUCTION

Auction date and time30/10/2013 11:00
Auction locationCrown Casino

Property Highlights

Date Sold30 Oct 2013
Floor AreaAsk Agent
Land Area2.8 ha
ParkingAsk Agent
Property ID2010747376
Category
Last updated  15 Aug 2016
Map for 2 Cusack Road Leongatha VIC 3953

Property Highlights

Date Sold30 Oct 2013
Floor AreaAsk Agent
Land Area2.8 ha
ParkingAsk Agent
Property ID2010747376
Category
Last updated  15 Aug 2016
Level 20, 150 Lonsdale Street Melbourne VIC 3000

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