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Gorman Commercial in conjunction with Arvis & Collins are pleased to offer Shops 31A & 32, 25 Separation Street, Northcote, for sale by Public Auction on Thursday 10th September at 12 noon on-site.
(Note: Freehold Property only for sale. The Gourmet Meat Rack Business is NOT for sale an continues to run as normal.)
The property provides an outstanding opportunity to acquire this well positioned double shop investment, securely leased to longstanding tenant and abutting Coles Supermarket.
Key Highlights as follows:
- Rental: $89,588 pa + GST + outgoings
- Lease Term: 8 years + 8 years
- Securely leased to longstanding tenant of 35 years
- Immediately abutting Coles Supermarket and within the established and thriving Northcote Plaza Shopping Centre
- Two shops comprising one tenancy on two titles.
- Excellent customer centre car parking with over 900 car spaces
- The centre is anchored by proven large format retail tenants such as Coles supermarket, Dimmey’s, Melbourne pathology, Bakers Delight, Deganis Café, plus many more.
- The area continues to see significant capital and planning proposals with a potential $500 million mixed-use redevelopment at Northcote Plaza, set to further enhance the precinct’s long-term growth.
Gorman Commercial
Tom Maule | 0401 636 049
Arvis & Collins
Jerry Tsiligiannis | 0418 840 800
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