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Fantastic Furniture/1093 Western Hwy
Ravenhall VIC 3023
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Sold on 19 Jan 2022

Fantastic Furniture/1093 Western Hwy Ravenhall VIC 3023

  • Shop & Retail
  • 2,400 m²
  • Sold

Long Lease to National Tenant - All Outgoings Paid Inc. Land Tax

  • National Tenant – Fantastic Furniture
  • Tenant Pays ALL Outgoings inc. Land Tax
  • Next To Officeworks, Bunnings + More

Stonebridge Property Group is pleased to present for sale Fantastic Furniture, Ravenhall.

- 2,500 sqm* corner landholding surrounded by retail powerhouse tenants including Officeworks, Bunnings Warehouse, Spotlight (coming soon), Petbarn, Hungry Jacks and several other major retailers

- High performing national retailer with 80 stores across Australia, where tenant pays ALL outgoings including land tax

- Recently extended (during COVID) head lease to Fantastic Furniture, highlighting their confidence and commitment in Ravenhall, which continues to grow with the recent addition of Spotlight

- Long term lease returning $432,000 p.a* with fixed 3% annual rental increases, market review in 2028 (current rent is $180 per sqm)

- Corporate guarantee through parent company Greenlit Grands - a global integrated retailer and manufacturer of household goods who also own other major retailers including Freedom, Snooze and OMF

- High profile position to the heavily trafficked Western Highway (26,000* cars passing daily)

*Approximately

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group:

Rorey James
0439 400 081

Nic Hage
0448 782 594

Kevin Tong
0422 848 818

Property Code: 331

Property Highlights

Date Sold19 Jan 2022
Floor Area2,400 m²
Land Area2,500 m²
EnergyAsk Agent
ParkingAsk Agent
Property ID2017328104
Category
Last updated  19 Jan 2022
Map for Fantastic Furniture/1093 Western Hwy Ravenhall VIC 3023

Property Highlights

Date Sold19 Jan 2022
Floor Area2,400 m²
Land Area2,500 m²
EnergyAsk Agent
ParkingAsk Agent
Property ID2017328104
Category
Last updated  19 Jan 2022
Level 19, 627 Chapel Street South Yarra VIC 3141

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