47 Bank Street Cobram VIC 3644

Renewed lease to Nov 2018 plus options to 2028.
Long established and successful supermarket for over 50 years with usual departments including liquor.
Lease provides annual CPI reviews plus turnover rent provisions - rent below market levels.
High profile site of 3,656 sqm with four street frontages totaling 148 metres amongst complimentary retailers including CBA, ANZ, Bendigo Bank and Reject Shop.
Well maintained 1,400 sqm building with on-title and on-street parking.
Tenant pays usual outgoings (ex insurance).
Cobram/Barooga: Important Murray River regional service centre with 25,000 plus catchment population.
Rent: $165,695 pa (underlet).

Auction 11am AEST Wednesday 16 September
River Room, Crown Casino Melbourne