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Warehouse Stationery - Long Term Lease - Investment / Retail For Sale - New

Warehouse Stationery - Long Term Lease - Investment / Retail For Sale
Warehouse Stationery - Long Term Lease - Investment / Retail For Sale
Warehouse Stationery - Long Term Lease - Investment / Retail For Sale
Warehouse Stationery - Long Term Lease - Investment / Retail For Sale
Warehouse Stationery - Long Term Lease - Investment / Retail For Sale
Warehouse Stationery - Long Term Lease - Investment / Retail For Sale
Warehouse Stationery - Long Term Lease - Investment / Retail For Sale
Warehouse Stationery - Long Term Lease - Investment / Retail For Sale
Warehouse Stationery - Long Term Lease - Investment / Retail For Sale
Warehouse Stationery - Long Term Lease - Investment / Retail For Sale
Warehouse Stationery - Long Term Lease - Investment / Retail For Sale
Warehouse Stationery - Long Term Lease - Investment / Retail For Sale

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by Shoneet Chand Views 1
Retail
: ()
Auction to be held at 11am Tuesday, 8 May 2018 (Unless sold prior)    Tenanted Investment
176290

Superbly located within a thriving retail development and surrounded by national brands, Colliers International are proud to offer this outstanding investment opportunity to the market.

Warehouse Stationery has been operational since 1991 and now have 67 stores nationwide offering over 20,000 products across multiple categories. They have been located at Unit H, 111 Lincoln Rd since September 1998, and in April 2017 they signed a new lease term for 7 years, plus two further rights of renewal of 3 years each resulting in a final lease expiry of March 2030.  Returning $173,733 pa net + GST & OPEX, the property offers both fixed & CPI rent reviews throughout the term, guaranteeing rental growth for the new landlord.

The building offers a net lettable area of 1,139m² in the form of a generic, regular shaped building. The current rental rate works out to $152 per sqm including car parks, which is considered to be below market levels, also benefiting the successful purchaser.  

The Lincoln Centre is fully leased and boasts national brands such as ACC, The Warehouse, Spotlight, Harvey Norman and Noel Leeming. Generous onsite car parking provides easy access and inwards goods are delivered via two roller doors at the rear of the property. The roller doors are strategically positioned to provide future flexibility, given the possibility that the tenancy could be split in two, subject to all necessary regulatory approvals.

Do not hesitate on this exceptional investment - call the sole agents now for further information or to arrange an inspection time.

 

Features

  • 7 years lease (from April 2017)
  • Returning $173,733pa net + GST
  • Both fixed & CPI rent reviews
  • Below market rental rate
  • National tenant covenant
  • Well-presented offering
  • Generous car parking & access
  • Flexible building configuration
  • Highly successful and fully leased retail development
  • Occupants

    Occupant Term Net Annual Income
    Warehouse Stationery 7 years $173,000 net pa + GST
    Price <b>Auction to be held at 11am Tuesday, 8 May 2018 (Unless sold prior)    Tenanted Investment</b>
    Floor 1,139.00 m2.
    View by appointment.

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