Skip to main content
31 River Drive
Tarwin Lower VIC 3956
SearchBack to results
Sold on 30 Oct 2013

31 River Drive Tarwin Lower VIC 3956

  • Factory, Warehouse & Industrial
  • 3,562 m²
  • Sold

New Lease to Metcash subsidiary: Established Mitre 10 Investment

New minimum 12 year lease from May 2013 (plus options) to thriving chain Capeview Mitre 10, majority-owned by Metcash Limited subsidiary.
Metcash: $2.845 billion* ASX top 100 company (as at 28 September 2013), recorded 128% increase in net profit after tax in the 12 months to April 2013.
Mitre 10: Growing network of over 450 stores.
Tarwin: Important river township servicing the 'South West Coastal District' of the South Gippsland Shire, 30.1% increase in number of dwellings between 2001 and 2011 (South Gippsland Shire).
Significant 3,562m2* town centre site with 44 metre* frontage and rear ROW.
Upgraded in 2004-2005 to include Garden Centre and Dry Timber Storage.
Supplementary income from popular local Angus Butchery on new lease.
Annual CPI rent reviews.
Rent: $48,583 pa*#

May 2014 settlement available.
Interstate and local bidding by prior arrangement.

* All areas and figures approx only. All precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the Vendor or Agent.
# Approximate projection as at 1 May 2014 based on CPI June 2013 Quarter.

AUCTION

Auction date and time30/10/2013 11:00
Auction locationCrown Casino

Property Highlights

Date Sold30 Oct 2013
Floor AreaAsk Agent
Land Area3,562 m²
ParkingAsk Agent
Property ID2010747374
Category
Last updated  15 Aug 2016
Map for 31 River Drive Tarwin Lower VIC 3956

Property Highlights

Date Sold30 Oct 2013
Floor AreaAsk Agent
Land Area3,562 m²
ParkingAsk Agent
Property ID2010747374
Category
Last updated  15 Aug 2016

Listed by

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

More Factory, Warehouse & Industrial for Sale in Tarwin Lower VIC

Sold$1,100,000
72 cashin street,inverloch, VIC 3996
95 m²
Factory, Warehouse & Industrial