Stonebridge Property Group is delighted to present for sale Rugs Galore, a highly convenient large format retail offering located within the Blackburn-Nunawading 'Mega Mile'.
The key highlights of the opportunity include:
- A 'Mega Mile' large format retail store 100% leased by longstanding and well-known tenant of 20+ years Rugs Galore
- Benefiting from a vendor favoured 7-year lease with fixed 3% annual rental increases
- Rugs Galore, originally established in 1989, are a household name with vast online network and in-store offering (Blackburn being their Flagship store)
- The high exposure 831 sqm* building enjoys 64 m* of corner frontage, a major tenant advantage providing exposure to the 30,000* vehicles that pass by daily
- An added level of convenience is provided through 30+ customer car parks & multiple points of entry/exit from the busy Whitehorse Road
- The City of Whitehorse Mega Mile is regarded one of the strongest trading precincts in Victoria with <2.0% vacancy across the 113,000 sqm+ of retail space
- The 'Mega Mile' is the 2nd largest large format retail precinct in Melbourne and the 7th largest nationally^
- Blackburn's economy and population is set to benefit from the $9.3* billion* Suburban Rail Loop development, improving accessibility and overall convenience
*Approximate
^Herald Sun
Rugs Galore is offered for sale via Public On-Site Auction Thursday 28th July 2022 at 2:30pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge property group.
Nic Hage
0448 782 594
Rorey James
0439 400 081
Sarah Xi
0468 320 297
Property Code: 459
