Lakes Hardware Timber & Building Supplies, 5-11 Stock Street & 8 Roadknight Street,
Lakes Entrance, VIC 3909
Shops & Retail • Showrooms & Large Format Retail
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Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
Lakes Hardware Timber & Building Supplies, 5-11 Stock Street & 8 Roadknight Street
Lakes Entrance, VIC 3909
Map of Lakes Hardware Timber & Building Supplies, 5-11 Stock Street & 8 Roadknight Street
New 10 Year Lease to 2031 Plus Options - Longstanding Hardware Over 50 Years
- New 10 year net lease to 2031
- Substantial 4,632sqm freehold title
- Includes 2 x 3 bedroom holiday rentals
+ New 10 year anchor lease to Hardware to 2031 plus options to 2041
+ Established and successful full line hardware includes building supplies, timber and nursery
+ Annual rent increases at the greater of 3% or CPI
+ Hardware pays all usual outgoings excluding land tax
+ Well presented buildings totalling 2,250 sqm (excluding holiday rentals)
+ Huge 4,632sqm landholding with expansive 200m street frontage & dual entry
+ Two separate high quality 3 bedroom holiday rentals on title providing additional income and opportunity
+ Lakes Entrance: Year round tourist mecca with seasonal population surging over 25,000+
+ Estimated Net Income: $302,995 pa (GST Excl.)
For Sale by Investment Portfolio Auction
11.15am (AEDT) Thursday 11 November 2021
+ Established and successful full line hardware includes building supplies, timber and nursery
+ Annual rent increases at the greater of 3% or CPI
+ Hardware pays all usual outgoings excluding land tax
+ Well presented buildings totalling 2,250 sqm (excluding holiday rentals)
+ Huge 4,632sqm landholding with expansive 200m street frontage & dual entry
+ Two separate high quality 3 bedroom holiday rentals on title providing additional income and opportunity
+ Lakes Entrance: Year round tourist mecca with seasonal population surging over 25,000+
+ Estimated Net Income: $302,995 pa (GST Excl.)
For Sale by Investment Portfolio Auction
11.15am (AEDT) Thursday 11 November 2021
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Property ID: 503925282Last Updated: 6 Jan 2022
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Burgess Rawson - SydneyLevel 11.02, 9 Castlereagh Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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