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24-32 Manning Street, Taree, NSW 2430

24-32 Manning Street, Taree, NSW 2430

Retail

  • For Sale
  • Contact Agent
  • For Sale

  • Land Area
  • 3790.00 m² (approx)
  • Floor Area
  • 3,126 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • May 04, 2020

Interested in this property? Contact an Agent today

Burgess Rawson - Sydney

Level 18, 15 Castlereagh Street

Sydney NSW 2000

Michael Gilbert
Dean Venturato

Trophy IGA Supermarket + Liquor 15 Year Direct Lease to Ritchies IGA

+ Leased to 2027 plus options to 2047
+ Lease guaranteed by ASX listed Metcash
+ Metcash: over $14.4bn sales in 2018
+ Ritchies IGA: founded in 1870, the largest IGA operator in Australia
+ Longstanding city centre supermarket site, nearly 50 years trading history
+ Large building area of 3,126 sqm including liquor store
+ Strategic location in the centre of Taree's main shopping area
+ Adjacent to a major council owned car park with direct ramp access
+ Easily managed premium tenant investment
+ Annual CPI rent increases
+ Net Income: $593,957

For Sale by Expressions of Interest
Offers Closing Thursday 30 April 2020 at 3pm
Unless Sold Prior

24-32 Manning Street, Taree, NSW 2430

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