K-Mart, 21-27 High Street,
Cobram, VIC 3644

Shops & Retail • Showrooms & Large Format Retail • Other

Key property information

Land area

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Map of K-Mart, 21-27 High Street

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Strong Trading K-Mart Investment – Wholly Owned Subsidiary of Wesfarmers

Renewed 5 year lease
High profile position
K-Mart pays outgoings

+ Renewed Five (5) year lease to March 2024 plus options to 2039.
+ K-Mart: wholly owned subsidiary of ASX listed giant Wesfarmers, with 231 stores across AUS & NZ.
+ Investor preferred net lease terms with K-Mart paying all usual outgoings including Land Tax.
+ Annual CPI rent reviews with most recent Melbourne All Groups at 2.9%.
+ Prominent 1,380sqm building with important 30 metre retail frontage and rear loading dock.
+ Significant 1,472sqm Commercial 1 Zone (C1Z) freehold title.
+ Trophy CBD position amongst Woolworths, McDonalds, IGA, Australia Post & major banks.
+ Cobram: important service centre with 25,000+ trade catchment.
+ Net Income: $186,000pa + GST

For Sale by Investment Portfolio Auction
11.15am (AEDT) Thursday 11 November 2021

Cobram, 3644 demographic data

The median household income for Cobram is $1,026, 26% lower than Regional Victoria's household income of $1,386. Cobram has an older age profile compared to the rest of Regional Victoria (median age 48 vs 43). Property ownership data shows 36% of property owners in Cobram have a mortgage.

6,148

Population

$1,026 per week

Median household income

48 years

Median age

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Most residents

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Most households

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