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Ritchies Supa IGA, 14 Ireland Street, Bright, Vic 3741

Ritchies Supa IGA, 14 Ireland Street, Bright, Vic 3741

Retail Showrooms/Bulky Goods Land/Development

  • Sold Contact Agent
  • Mon 01-Jul-19

Long-Established Supermarket Backed by Metcash Ltd

  • Secure net lease to Ritchies to 2025
  • Annual rent reviews
  • Lease guaranteed by Metcash Ltd

  • Land Area
  • 1466.00 m² (approx)
  • Floor Area
  • 1,600 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • May 26, 2020

Interested in this property? Contact an Agent today

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street

Melbourne Vic 3000

Beau Coulter, Burgess Rawson - Melbourne
Beau Coulter
Shaun Venables, Burgess Rawson - Melbourne
Shaun Venables
Billy Holderhead, Burgess Rawson - Melbourne
Billy Holderhead

Long-Established Supermarket Backed by Metcash Ltd

Secure 10 Year Lease to 2025 plus 2 x 10 Year options.
Substantial 1,600 sqm supermarket including liquor.
Strategic Commercial 1 Zoned site with 2 street frontages and an important pedestrian link connecting to large council car park.
Central to complementary retail inc post office, banks, pharmacy etc.
Ritchies pay all usual outgoings (excluding land tax).
Ritchies is Australia’s 7th largest private retailer with revenue of $863 million (source IBISWorld) across a network of over 75 stores.
Metcash (ASX: MTS): Australia’s leading ASX-listed wholesaler with sales of over $14 billion in FY18.
Bright: booming year-round family tourist destination and gateway to Victorian Alps – 55% house price growth in the past 3 years.
Rent: $242,817 pa (projection based on June quarter CPI).

Under Offer

Ritchies Supa IGA, 14 Ireland Street, Bright, Vic 3741

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