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28 Rutherglen Road
Newborough VIC 3825
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Sold on 11 Dec 2013

28 Rutherglen Road Newborough VIC 3825

  • Shop & Retail
  • Sold

Pharmacy Investment - New Secure Long Term Lease

New 12 year leases plus options through to 2043 to a leading pharmacy chain, with 7 stores.
Fixed annual 3.25% increases, plus market reviews.
Lessee pays all usual outgoings.

Newborough, satellite township of Moe: located within the Latrobe City Region, trade catchment circa 170,000, heart of Victoria's coal mine / electricity industry.
Long established pharmacy business of circa 30 years - trading as Odlums Pharmacy.
Central Commercial site with a retail frontage of 6.5 metres.
Amongst newsagent and Australia Post.
Entry level buyer - price expectation circa $350,000.

Land area: 246sqm
Building area: 150sqm
Rent: $25,000pa

Interstate and local bidding by prior arrangement

Also please see others in the Pharmacy Portfolio:
Amcal Pharmacy, Moe VIC
The Drug Store, Moe VIC
Mallacoota Pharmacy Mallacoota VIC

AUCTION

Auction date and time11/12/2013 11:00
Auction locationCrown Casino

Property Highlights

Date Sold11 Dec 2013
Floor AreaAsk Agent
Land AreaAsk Agent
ParkingAsk Agent
Property ID2010837876
Category
Last updated  15 Aug 2016
Map for 28 Rutherglen Road Newborough VIC 3825

Property Highlights

Date Sold11 Dec 2013
Floor AreaAsk Agent
Land AreaAsk Agent
ParkingAsk Agent
Property ID2010837876
Category
Last updated  15 Aug 2016

Listed by

Raoul Holderhead
Raoul Holderhead
Burgess Rawson VIC Pty Ltd
Call
0413 860 304

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