Burgess Rawson is pleased to offer to the market Jaycar, 93 Argyle Street, Traralgon VIC, for sale via our Investment Portfolio Auction 168.
This investment has the following key highlights:
+ As new Seven (7) year net lease to Jaycar to March 2029.
+ Two (2) further 5 year options to 2039.
+ Jaycar: leading international electronics retailer, with a network of 130+ stores across Australia and New Zealand. (1)
+ Fixed 2.5% annual rent increases, ensuring income growth.
+ Investor preferred net lease terms with tenant responsible for all usual outgoings as per the lease.
+ Modern 531sqm* refurbished retail building incorporating Jaycar's latest corporate design and layout & and a recent capital-intensive fit-out.
+ High Profile 938sqm* C2Z highway site providing exposure to more than 34,500+ vehicles passing daily. (2)
+ Strategic 'Golden Mile' location amongst highly sought-after Large Format Retail (LFR) precinct, including national retailers such as The Good Guys, Harvey Norman, ALDI, Officeworks, Bunnings & Amart.
+ Potential 50% stamp duty saving.
+ Traralgon: retail & commercial capital of the Latrobe Valley servicing a trade catchment of 75,000+ people. (3)
+ Net Income: $77,042 pa* + GST.
For Sale by Investment Portfolio Auction
10:30am AEST Tuesday 14 May 2024
River Room, Crown Casino, Melbourne
* Approx
(1) Jaycar
(2) GapMaps
(3) Latrobe City Council
