Welcome to Gorman Commercial

Gorman Commercial is a Commercial Real Estate Agency providing professional expertise in premium Property Management, Sales and Leasing of commercial, industrial and retail real estate across all suburbs of Melbourne, including the Central Business District.

With over 25 years experience, Stephen Gorman and his dedicated team of longstanding professionals can assist you with all your commercial real estate needs.

With innovative property marketing, attention to detail and extensive local market knowledge, the team at Gorman Commercial offers a professional service with unparalleled results.

 

GORMAN COMMERCIAL
415 Riversdale Road, Hawthorn East  Victoria  3123  Telephone: +61 3 9811 4222  Fax: +61 3 9811 4299

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Feature Property

51 Main Road

MONBULK, VIC 3793

SECURELY LEASED TO SALVOS STORES - HIGHLY SOUGHT AFTER INVESTMENT

Gorman Commercial in conjunction with Burgess Rawson are excited to present 51 Main Road, Monbulk for sale by Investment Portfolio Auction on Wednesday 23rd September 2020 at 11am at AuctionWorks in Sydney.

Securely leased to Salvos Stores, the highly sought after “essential service” investment comprises:

* Leased to Salvos Stores, an important Government funded retail chain with over 350 stores nationally
* Secure lease to July 2025 plus options to July 2040
* Net rent of $88,242 p.a. + GST (as at September 2020)
* Fixed 3.5% annual rent increases assuring rental growth
* Salvos pay all usual outgoings as per the lease
* Modern 365 sqm premises constructed in 2017 with important rear loading
* Significant 625 sqm site with premium Commercial 1 zoning
* 4 car parks on title
* Excellent tax saving depreciation benefits

Prime position amongst Woolworths, ALDI, NAB, Commonwealth Bank, Bendigo Bank, Australia Post and Mitre 10.

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