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Target, 21-27 High Street, Cobram, Vic 3644

Target, 21-27 High Street, Cobram, Vic 3644

Retail Showrooms/Bulky Goods Land/Development

  • Sold Contact Agent
  • Wed 27-Feb-19

Trophy Retail Investment - Renewed 5 Year Lease To Target (Wesfarmers)

  • Renewed 5 Year Plus Options
  • Tenant Pays All Outgoings + Land Tax
  • Irreplaceable Town Centre Position

  • Land Area
  • 1472.00 m² (approx)
  • Floor Area
  • 1,380 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Apr 16, 2020

Interested in this property? Contact an Agent today

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street

Melbourne Vic 3000

Shaun Venables, Burgess Rawson - Melbourne
Shaun Venables
Scott Meighan, Burgess Rawson - Melbourne
Scott Meighan
Kerr Real Estate

44 Punt Road

Cobram Vic 3644

Andrew Kerr, Kerr Real Estate
Andrew Kerr

Trophy Retail Investment - Renewed 5 Year Lease To Target (Wesfarmers)

Renewed 5 year lease to March 2024 plus options to 2039
Prominent 1,380 sqm building with 30m retail frontage
Tenant pays usual outgoings inc single holding land tax
Target Australia: wholly owned by Wesfarmers Limited, a top 10 ASX listed company with market cap of $36.53 billion (Jan 2019)
Significant 1,472 sqm site with premium Commercial 1 zoning
Trophy position at the intersection to two major retail strips and amongst Woolworths, IGA, major banks etc
Tenant in occupation 15+ years
Single tenant minimum management investment
Cobram: Important Murray region service centre with a growing trade catchment population extending into NSW exceeding 25,000
Rent: $160,000 pa

Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne

Target, 21-27 High Street, Cobram, Vic 3644

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