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.
Prominent 7,066m2* highway corner site with dual access and 176 metre* combined frontage.
As new building, entirely rebuilt in 2010, includes 2 lane drive through trade pick up facility.
Significant depreciation benefits.
Annual CPI rent reviews.
Inverloch: Booming coastal holiday destination with 37.3% increase in number of dwellings between 2001 and 2011 (Bass Coast Shire).
Rent: $272,286 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.
