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