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92-96 Franklin Street (Corner Seymour Street)
Traralgon VIC 3844
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Sold on 14 Apr 2022

92-96 Franklin Street (Corner Seymour Street) Traralgon VIC 3844

  • Shop & Retail
  • 506 m²
  • Sold

BLUE CHIP RETAIL INVESTMENT IN THE CENTRE OF TRARALGON CBD

  • AUSTRALIA’S DOMINANT PHARMACY RETAILER
  • THE REGION’S ONLY 24H SUPERCARE PHARMACY
  • 3.50% FIXED ANNUAL INCREASES

CBRE is pleased to present for sale 92-96 Franklin Street, Traralgon (Cnr Seymour Street) comprising a prominent two-level corner freehold, leased to long term powerhouse tenant Chemist Warehouse, with the property serving as the only 24 hour Supercare Pharmacy in the Latrobe Valley.

+Recently renewed 5-year lease to Chemist Warehouse - Australia's largest pharmacy group with over 500 stores globally

+Corner landholding of 461sqm* benefitting from Activity Centre Zoning

+High exposure triple street frontage of 62m* with multiple points of ingress & egress to Franklin Street and the rear laneway

+Within the largest and fastest growing city in The Greater Latrobe Valley area, containing a population of 74,170*

+In Traralgon's main activity centre surrounded by national retailers, 250m* to Traralgon Train Station (direct line to Melbourne CBD) and close to Traralgon Centre Plaza

+Total net income of $135,331* pa with fixed 3.50% annual rental increases

For sale via Expressions of Interest closing Thursday 7th April at 2:00pm (AEST)

*Approx

For further information please contact the exclusive sales and marketing agents at CBRE:

Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au

Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

Jing Jun (JJ) Heng
+61 411 059 116
jj.heng@cbre.com.au

Property Highlights

Date Sold14 Apr 2022
Floor Area506 m²
Land Area461 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2017624021
Category
Last updated  6 May 2022
Map for 92-96 Franklin Street (Corner Seymour Street) Traralgon VIC 3844

Property Highlights

Date Sold14 Apr 2022
Floor Area506 m²
Land Area461 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2017624021
Category
Last updated  6 May 2022

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