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Burgess Rawson - Melbourne

Lakes Hardware Timber & Building Supplies, 5-11 Stock Street & 8 Roadknight Street Lakes Entrance, VIC 3909

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Lakes Hardware Timber & Building Supplies, 5-11 Stock Street & 8 Roadknight Street,
Lakes Entrance, VIC 3909

Shop & Retail • Showrooms & Bulky Goods

Price information

Sale - Auction Thu 11 Nov

Contact Agent

Key property information

Land area

Floor area

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$302,995
Number of Tenants
1 Tenant
Tenants / Type
Lakes Hardware Timber & Building Supplie

Auction

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Private inspections

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Burgess Rawson - Melbourne
Shaun Venables
Raoul Holderhead

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
Burgess Rawson - Melbourne
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

Directions
  • Bus stops within 5 km of Lakes Hardware Timber & Building Supplies, 5-11 Stock Street & 8 Roadknight Street, Lakes Entrance, VIC 3909Distance
    Police Station/Roadknight St (Lakes Entrance)58 m
    Echo Beach/37 Roadknight St (Lakes Entrance)291 m
    Lakes Entrance Community Health/16 Jemmeson St (Lakes Entrance)397 m
    Carpenter St/Church St (Lakes Entrance)443 m
    Big 4/Roadknight St (Lakes Entrance)533 m
    POWERED BY HERE ©
POWERED BY HERE ©

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 pa1 GST Excl.

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

Property ID: 503925282Last Updated: 22 Oct 2021

Agency contacts

Burgess Rawson - Melbourne
Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
Burgess Rawson - Sydney
Level 18, 15 Castlereagh Street
SYDNEY, NSW 2000

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