Australia's Most Affordable Woolworths Established 20 + 10 year lease to 2042. A consistent and progressively performing investment. Effective 1,978 sqm supermarket relevant to its captive trade catchment. Single tenant minimum management investment with income tax saving depreciation. George Town: Residential and service centre for major industry including Bell Bay Aluminium generating a 1,500 workforce. Popular tourist and holiday region providing a seasonal boost. Rent: $336,682 pa.
Auction 11am AEST Wednesday 5 August River Room, Crown Casino Melbourne
Brand New Lease to Woolworths Subsidiary Brand new 7+7+7+7 year Lease to blue chip tenant, Home Timber and Hardware (HTH Pty Ltd), 67% owned by Woolworths and 33% by Lowes (USA).
Visually significant building within important deep water port town.
1,777m2* site located in main retail precinct provides scope for further development.
Two level buildings totalling 1,070m2* includes main retail showroom, first floor and ground level storage and 4 bedroom residence ($155p/w to 25/1/14).
Long established and proven hardware business over 25 years.
Affordable investment opportunity, expected price range $500,000 plus
Home Timber &...