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DESCRIPTION:Tradelink - 230+ Locations Nationally | Three (3) Year Net Leas
 e to 2028 plus Option\nCBRE & First National Real Estate Latrobe are pleas
 ed to offer to the market Tradelink\, located at Unit 1/192-208 Princes Dr
 ive\, Morwell VIC for sale via our Investment Portfolio Auction 188.\n\nTh
 is opportunity has the following key investment highlights:\n+ Three (3) y
 ear lease to 2028 plus option to 2031\n+ Tradelink: established in 1854\, 
 national plumbing supplies business with over 230 locations\n+ Acquired fo
 r A$170 million by Metal Manufactures (MM) in 2024. MM is owned by Blackfr
 iars Corp & the US-based Colburn family with 5\,700+ staff & 600+ location
 s across AUS & NZ (1)\n+ Investor preferred net lease structure with the t
 enant responsible for all usual outgoings excluding land tax\, as per the 
 lease\n+ Fixed 4% annual increases\, ensuring compounding rental growth\n+
  High profile modern large format retail showroom with important rear load
 ing bay and roller door access\n+ Strategic position along Princes Drive s
 eeing over 17\,200 vehicles passing daily (2)\n+ Surrounded by other natio
 nal brands including Goodyear Tyre & Auto\, Blackwoods\, Shell\, Pirtek & 
 Cleanaway   \n+ Morwell: one of the main commercial hubs of The Latrobe Va
 lley\, servicing a trade catchment of over 75\,000* people (3)\n+ Latrobe 
 City: one of Victoria's major regional centres\, with an annual economic o
 utput of $17.3 Billion (4)\n+ Net Income: $77\,600pa* + GST\n\nFor Sale by
  Investment Portfolio Auction\n10:30am (AEDT) Wednesday 28 October 2026\nH
 orizon Room\, Crown Casino\, Melbourne VIC\n\n*Approx\n(1) Metal Manufactu
 res\n(2) GapMaps\n(3) Latrobe City Council\n(4) .id
DTEND:20261028T113000
DTSTAMP:20261001T070740Z
DTSTART:20261028T103000
LOCATION:Crown Casino - Horizon\, L29
SEQUENCE:0
SUMMARY:Auction: Unit 1/192-208 Princes Drive\, Morwell VIC
UID:CRE-2021202768-Auction
X-ALT-DESC;FMTTYPE=text/html:<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 3.2//EN"><html><head><t
 itle></title></head><body><P DIR=LTR>Tradelink - 230+ Locations Nationally
  | Three (3) Year Net Lease to 2028 plus Option <br/> CBRE & First Nationa
 l Real Estate Latrobe are pleased to offer to the market Tradelink\, locat
 ed at Unit 1/192-208 Princes Drive\, Morwell VIC for sale via our Investme
 nt Portfolio Auction 188. <br/>  <br/> This opportunity has the following 
 key investment highlights: <br/> + Three (3) year lease to 2028 plus optio
 n to 2031 <br/> + Tradelink: established in 1854\, national plumbing suppl
 ies business with over 230 locations <br/> + Acquired for A$170 million by
  Metal Manufactures (MM) in 2024. MM is owned by Blackfriars Corp & the US
 -based Colburn family with 5\,700+ staff & 600+ locations across AUS & NZ 
 (1) <br/> + Investor preferred net lease structure with the tenant respons
 ible for all usual outgoings excluding land tax\, as per the lease <br/> +
  Fixed 4% annual increases\, ensuring compounding rental growth <br/> + Hi
 gh profile modern large format retail showroom with important rear loading
  bay and roller door access <br/> + Strategic position along Princes Drive
  seeing over 17\,200 vehicles passing daily (2) <br/> + Surrounded by othe
 r national brands including Goodyear Tyre & Auto\, Blackwoods\, Shell\, Pi
 rtek & Cleanaway    <br/> + Morwell: one of the main commercial hubs of Th
 e Latrobe Valley\, servicing a trade catchment of over 75\,000* people (3)
  <br/> + Latrobe City: one of Victoria's major regional centres\, with an 
 annual economic output of $17.3 Billion (4) <br/> + Net Income: $77\,600pa
 * + GST <br/>  <br/> For Sale by Investment Portfolio Auction <br/> 10:30a
 m (AEDT) Wednesday 28 October 2026 <br/> Horizon Room\, Crown Casino\, Mel
 bourne VIC <br/>  <br/> *Approx <br/> (1) Metal Manufactures <br/> (2) Gap
 Maps <br/> (3) Latrobe City Council <br/> (4) .id</P></body></html>
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