Secure 15 year net lease to Ritchies to 2024 plus options to 2039
Ritchie’s: 26% owned by Metcash Ltd, ASX listed with a market cap of $3.1 billion
Highly desirable annual CPI reviews plus generous turnover rent provisions of 2.25%
Well maintained and versatile 965 sqm retail building 50 metres from NAB and Commonwealth Bank
Significant corner landholding of 1,926 sqm with premium Commercial 1 zoning and dual street frontage of over 97 metres
Direct retail access to 19 on-title parking spaces plus seamless integration with over 30 car parks on neighbouring properties
Somerville: Satellite suburb 52km from Melbourne, between Frankston and Hastings
Net Income: $208,819 pa + GST and Outgoings
Auction 11am AEDT Wednesday 28 March 2018
River Room, Crown Casino, Melbourne
