119-123 Gray Street Hamilton VIC 3300
- 2,081 m²
- Commercial Auction
Rare Freestanding Sub $4m Wesfarmers Investment Opportunity
Securely leased to September 2022 plus options to 2032.
Significant depreciation, 42% of rent potentially tax free.
High yield investment, blue-chip tenant.
Target: Iconic 93 year old retailer, wholly owned by $41 billion Wesfarmers.
Modern 2,081 sqm* retail development,built 2007, with 17 basement car spaces plus exclusive rights to a further 55 car spaces.
Generous 20.7 metre* frontage to Gray Street, the key retail strip in the region.
Strategic location surrounded by Woolworths, Coles, IGA, Harvey Norman and all major banks.
Hamilton: Important commercial service centre servicing 20,000+ trade catchment.
Estimated Net Income: $371,103 pa + GST
Auction 11am AEST Wednesday 7 August 2019
River Room, Crown Casino, Melbourne
|Auction date and time||07/08/2019 11:00|
|Auction location||119-123 Gray Street, Hamilton VIC|
|Floor Area||2,081 m²|
|Land Area||1,769 m²|
|Annual Return||Ask Agent|
|Last updated||12 Jul 2019|