101-103 Geelong Road Footscray VIC 3011
- Development / Land
- 3,121 m²
New Lease to Woolworths Subsidiary – Boom Inner west Location
Brand new 3+3+3+3 year Lease to blue chip tenant, Home Timber and Hardware (HTH Pty Ltd), 67% owned by Woolworths and 33% by Lowes (USA).
Prominent 3,121m2* site with Geelong Road (Princes Highway) frontage and 36 car spaces on title
Buildings of 1,594m2* include a 2 level retail/office and warehousing facility.
Proven hardware business trading 30 plus years.
Capital growth location 5 km’s from CBD in Melbourne’s rapidly evolving metropolitan inner west.
Home Timber & Hardware: Long established and growing network of over 240 stores across Australia.
Rents reviewed annually to CPI capped at 3.5%, with market reviews capped and collared at 10% at commencement of option periods.
Attractive net Lease structure with tenant responsible for Rates, Taxes, Building Insurance, Repairs and Maintenance.
Commencing Net Rent: $180,000 p.a.
|Auction date and time||15/05/2013 11:00|
|Auction location||Crown Casino Melbourne|
|Date Sold||15 May 2013|
|Floor Area||1,594 m²|
|Land Area||3,121 m²|
|Parking||On site parking available|
|Building Type||Whole building|
|Last updated||23 Apr 2013|