Feature Property

51 Main Road, MONBULK, VIC

Auction: 23rd September, 2020 at 11:00 am

Building Area: 365 sqm

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.

Contact Details

Dean Alexander
dalexander@gormancommercial.com.au
0409 877 787

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