New 15 year lease plus options to Liquorland, trading as First Choice Liquor.
Liquorland: a subsidiary of Coles Group Limited with 824 liquor stores and wholly owned by Wesfarmers, an ASX Top 10 company.
Strategic 6,379 sqm* site in sought after precinct amongst Shell/Coles Express, Hungry Jacks and Glengarry Shopping Centre.
Large 1,200 sqm* building, fully refurbished in 2013 to First Choice/Liquorland's latest corporate standard.
Net lease: Tenant pays Single Holding Land Tax, Council Rates, Water Rates and Building Insurance.
Annual CPI reviews, collared at 1% and capped at 3.25%.
First Choice Liquor: Australia's #1 ranked liquor chain for customer satisfaction with 95 stores nationally (Source: Roy Morgan).
Duncraig: Located 16 km north of the Perth CBD. Duncraig services the fast-growing 'North West-Metropolitan Perth Region', with a population of 320,000 estimated to increase by 25% to 400,000 by 2031 (Source: City of Joondalup).
Rent: $440,000 pa
Auction 11 AEDT (8am Perth Time), Wednesday 2 April 2014, Crown Casino, Melbourne.
Interstate bidding available by prior arrangement.
