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Sold on 23 Jul 2019

10 Sylvia Place Tumut NSW 2720

  • Retail
  • 1,500 m²
  • Sold

High Yielding Standalone Wesfarmers Freehold

Renewed lease to Target/Wesfarmers Ltd
Annual fixed 3% rent increases
Large site fully integrated with Coles
Brand new 3 + 3 year lease to Target
Modern, low-maintenance retail store of approximately 1,500 sqm, developed in 2008
Strong trader, 7.4% store sales growth in the last 4 months
Strategic 4,083 sqm retail site, surrounded by Coles, KFC, BWS, Snowy Valley Council offices with approx 50 at-grade car spaces on-title
Annual, fixed, compounding 3% rent increases
Target: Iconic 93 year old retailer, wholly owned by $39 billion Wesfarmers, recent increase in half year sales to an estimated $1.5 billion
Tumut: Vibrant retail and service sector servicing a population of over 15,000 and strategically located midway between Sydney and Melbourne
Estimated net rent: $229,775 p.a.

Private Treaty

AUCTION

Auction date and time14/05/2019 11:00
Auction location10 Sylvia Place, Tumut NSW

Property Highlights

Property ID2015170396
Date Sold23 Jul 2019
Floor Area1,500 m²
Land Area4,083 m²
ParkingAsk Agent
Category
Last updated  15 Jul 2019
Map for 10 Sylvia Place Tumut NSW 2720
Burgess Rawson & Associates
Level 7, 140 Bourke Street Melbourne VIC 3000

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