Dominant Retail Centre With Development Upside A strong performing Victorian large format retail centre located in the major regional city of Wangaratta just 400 metres* from Wangaratta CBD.
Key highlights of this fantastic retail investment include:
- 100% leased with 100% national tenant representation
- Anchored by Spotlight and Officeworks representing 60%* of the GLA
- Exceptional WALE of 5.9 years
- Net operating income of $575,418* per annum
- 170 on-grade parking bays*
- Substantial site area of 1.25Ha* plus adjoining development land of 3,490sqm* providing for expansion of the Centre
- Main trade area population of 7...
'Osmotherly's Corner' - Fully Occupied Iconic Building Excellent occupancy history with established tenants Fully occupied building with major tenants including Eyecare, dental clinic plus cafè, hairdresser and office Magnificent Victorian building with quality tenants over two levels High profile site of 422 sqm with 49 metres dual retail frontage Landmark corner position in the CBD’s main intersection Premium Commercial 1 Zoning in the retail activity centre amongst numerous national retailers and major banks Wangaratta: 230km north-east of Melbourne with a captive trade population of over 95,000 Combined Rent: $147,022.50 pa (June 2017)
ICONIC CBD COMMERCIAL ASSET * 'Osmotherly's Building' - Fully occupied freehold
* Strong occupancy history with excellent tenancy mix
* Magnificent Victorian building on high profile 422m2 approx. site
* Landmark corner position in the CBD's main intersection
* Premium Commercial 1 Zoning in the retail activity centre
* Combined rent: $147,022.50p.a. (at June 2017)
* Outstanding investment, same ownership for 40 years
EOI: Closing 4:00pm Thursday 20th April 2017
TERMS: 10% deposit, residue within 60 - 90 days
Prime CBD Retail Complex with Enormous Upside Long established retail complex with arcade thoroughfare connecting Murphy Street with on title parking adjoining Big W. Tenants comprise long-standing and successful national brand retailers including Aust Post (1,300 post boxes), Rivers & Jay Jay's. Substantial 3,966 sqm landholding in the heart of Wangaratta's CBD. Separate title with approximately 60 at grade car spaces. Potential for refurbishment, redevelopment and/or sub-division (STCA). Wangaratta: 230km north-east of Melbourne with a captive trade population of over 95,000. Combined Rent: $324,720 pa (Fully let basis).
No. 110-112 Murphy Street The substantial two storey brick building at 110-112 Murphy Street is now offered for sale with a long term lease in place.
On a 360mÂ² site it has additional rear laneway access and two car parking spaces. The building is large with 360mÂ² on the ground floor and a further 360mÂ² on the first of which 150mÂ² was built in 1969. The balance of the first floor comprises an unused and original residential section. The front ground floor retail section of the building was substantially renovated and refurbished in 2012? with both floors now leased to Crystal Valley Music until 2023 with a curren...