Secure 15 year lease plus options through to March 2032.
Bunnings is a division of Wesfarmers Limited, an ASX listed top 10 company, Bunnings sales exceeded $9.5 billion in 2014/15.
Fixed annual 2.5% rent increases.
Premium net lease, tenant pays outgoings including land tax.
Established and successful store on substantial 10,510 sqm site.
Modern 5,094 sqm buildings with easy trade drive through, nursery and secure timber yard.
Warragul/Drouin: An outer satellite suburb only 33km from metro Melbourne, experiencing a major housing and population boom with forecast growth to 43,000 by 2026.
Taxation saving depreciation.
Rent: $426,441 pa.
Interstate and local bidding by prior arrangement
Auction 11am Wednesday 14 September 2016
Crown Conference Centre, 25 Whiteman Street
Southbank Melbourne, Opposite Crown Towers