For Sale Now The opportunity exists for the astute investor to acquire this commercial building with a secured long term tenancy.
• 260m2 retail area (approx.)
• 384m2 storage and workshop area (approx.)
• Long established tenancy
• Current lease of 3 years plus 2x3 year options
• 800m2 lot (approx.)
• Business not for sale
Substantial Commercial Property Truly a rare opportunity to purchase this main street property with multiple tenancies.
- Three level building
- Prime location
- Commercial + Residential
- Secure basement parking
- Building area 2000m2 approx.
- Site area of 758m2
- Gross income of $143,589
Renewed 15 Year Lease Red Rooster. High Profile Main Road Location. New 15 year lease to 2031 + options to 2041. Red Rooster, established brand over 43 years strong boasting 360 stores nationwide. Griffith, established and growing inland city generating $1.35 billion GRP with a population catchment of 52,000. High exposure main road position at eastern gateway into Griffith. Modern fast food restaurant with drive through. Large land area: 2,510 sqm. Valuable depreciation allowances. Surrounded by supporting national retailers. Annual 2.5% rent increases (net income $127,167 in 2031). Tenant pays all outgoings (as per lease). Net Income: $90,000 pa + GST.
Trophy Fast Food Investment. 10 + 10 + 10 + 10 Year Lease. Secure 10 year lease to Hungry Jacks Pty Ltd until February 2023. Minimum 3% rent increases: market reviews at options. Important 10 + 10 + 10 year options to 2053. Hungry Jack's: iconic fast food chain with 400+ stores Australia-wide. Modern 240 sqm restaurant refurbished in 2013 to Hungry Jack's corporate design and layout with customer drive thru and 31 onsite car spaces. Strategic 2,400 sqm highway site between town centre and Griffith Homemaker Centre anchored by Bunnings. Tenant pays usual outgoings excl. land tax; as per lease. Griffith: Major regional city with a population catchment ...
Busy Coles Express Service Station. Renewed Lease On Main CBD Intersection. Renewed lease to 2020 plus options to 2025. Direct lease to Shell. Griffith-properous agricultural centre and tourist town in the heart of the Riverina. Main road location close to shopping malls and entertainment. Strategic junction linking Melbourne and Canberra highways. Land area 1,250 sqm with busy convenience store. IMPORTANT: Double skin fibreglass fuel tanks. Shell maintained pumps and pipes. Seperate car wash on site. Annual CPI rent increases. Easily managed high quality investment. Over 40 years trading history. Net Income: $132,173 pa + GST.
Dominant Homemaker & Lifestyle Centre Securely leased to national retailers Bunnings, Lincraft, Fantastic Furniture, Repco plus cinema and bowling complex. Massive 6.2ha site with 648 car spaces. Modern 19,070sqm* centre with substantial depreciation allowances. Includes 2 parcels of additional development land plus approval for 3 Lot Torrens Title subdivision. Dominant centre in vibrant regional hub with Main Trade Area population of 61,320*. 190kms* from nearest major competition.
Net Income potential to circa: $2,100,000pa* + GST (upon existing improvements)
Now Selling - Offers Invited Closing 4pm AEDT 21 March 2013 Unless ...
Prime Location - Diverse Commercial Opportunity * Total area approx. 6,070m2
* Comprising of three lots approx. 2,023m2 each
* Main shed offering admin/showroom & workshop approx. 650m2
* Second shed workshop/storage approx. 410m2
* Zoned 4 (a) General Industrial
* Excellent vehicle access
* Three phase power
* Secure fencing
* Water & Oil separator
* To be sold with vacant possession