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10 Hope Street
Drouin VIC 3818
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Sold on 14 Sep 2016

10 Hope Street Drouin VIC 3818

  • Shop & Retail
  • 4,874 m²
  • Sold

Affordable Freestanding Coles - Rare Net Lease

Secure 20 + 10 + 10 year lease through to 2043.
Coles: A division of Wesfarmers (ASX top 10).
Well designed & maintained building with all usual departments including liquor.
Net Lease: Coles pays all usual outgoings including land tax.
Successful supermarket trading well above percentage threshold.
Prominent corner site of 4,874 sqm opposite new McDonald's.
Single tenant, easily managed investment.
Drouin/Warragul: Growing satellite suburbs only 33km from metropolitan Melbourne, experiencing a major housing and population boom with forecast growth to 43,000 by 2026.
Substantial income tax saving depreciation.
Net Rent: $527,048 pa.

Interstate and local bidding by prior arrangement

Auction 11am Wednesday 14 September 2016
Crown Conference Centre, 25 Whiteman Street
Southbank Melbourne, Opposite Crown Towers

Property Highlights

Date Sold14 Sep 2016
Floor AreaAsk Agent
Land Area4,874 m²
ParkingAsk Agent
Property ID2012994007
Category
Last updated  23 Sep 2016
Map for 10 Hope Street Drouin VIC 3818

Property Highlights

Date Sold14 Sep 2016
Floor AreaAsk Agent
Land Area4,874 m²
ParkingAsk Agent
Property ID2012994007
Category
Last updated  23 Sep 2016
Level 20, 150 Lonsdale Street Melbourne VIC 3000

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