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119-123 Gray Street Hamilton VIC 3300

  • Retail
  • Floor Size2,081 m²
  • PriceCommercial 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 time07/08/2019 11:00
Auction location119-123 Gray Street, Hamilton VIC

Property Highlights

Property ID2015436451
Floor Area2,081 m²
Land Area1,769 m²
EnergyAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  12 Jul 2019
Map for 119-123 Gray Street Hamilton VIC 3300
Burgess Rawson & Associates
Level 7, 140 Bourke Street Melbourne VIC 3000

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