- Renewed 3 Year Net Lease
- 474 sqm* Strategic Landholding
- Prime Gateway Position
The key highlights of the opportunity include:
A strategic investment anchored by longstanding national tenant FortyWinks (100+ Australian stores)
Vendor favoured, recently renewed, 3-year net lease with no further options providing opportunity for occupiers/developers in the medium term
Located at the gateway to Bairnsdale with prime Main Street frontage, rear access & off-street parking via major council car park
Flexible 474 sqm* Commercial 1 zoned landholding complete with multiple street frontages
FortyWinks, and any future tenants, benefit from exposure to the 22,000* vehicles that pass along Main Street daily
Providing annual income of $60,000* + GST + Outgoings with fixed annual increases of 2%
Benefitting from 150+ free council car parks and a mix of complementary surrounding tenants including Woolworths, McDonald's, BWS, Subway & the Bairnsdale Visitor Information Centre
Gippsland, located in Victoria's south east, is experiencing a significant population boom, currently growing at 4% per annum
A strong tourism industry contributes ~$1.68 billion annually to the Gippsland economy (8.94 million* tourists visit the area each year)
*Approximate
To obtain further information or to arrange an inspection, please contact the exclusive selling agents:
Wilson Property:
Ben Wilson
0412 525 542
Emma Dunne
0407 865 838
Stonebridge Property Group:
Nic Hage
0448 782 594
Rorey James
0439 400 081
Sarah Xi
0468 320 297
