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Gorman Commercial - Hawthorn East

Salvos Store, 51B Main Road Monbulk, VIC 3793

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Salvos Store, 51B Main Road,
Monbulk, VIC 3793

Shop & Retail • Showrooms & Bulky Goods • Other

Price information

Sale - Auction Wed 23 Sep

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Key property information

Land area

Floor area

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$88,242
Number of Tenants
1 Tenant
Tenants / Type
Salvos

Auction

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Gorman Commercial - Hawthorn East
Salvos Store, 51B Main Road
Monbulk, VIC 3793
Gorman Commercial - Hawthorn East
Dean Alexander

Gorman Commercial - Hawthorn East

415 Riversdale Road
HAWTHORN EAST, VIC 3123

Map of Salvos Store, 51B Main Road

Directions
  • Bus stops within 5 km of Salvos Store, 51B Main Road, Monbulk, VIC 3793Distance
    Emerald-Monbulk Rd/Main Rd (Monbulk)159 m
    535 Monbulk Rd (Monbulk)160 m
    Menin Rd/Baynes Park Rd (Monbulk)303 m
    489 Monbulk Rd (Monbulk)613 m
    Monbulk Aquatic Centre/31 Baynes Park Rd (Monbulk)700 m
    POWERED BY HERE ©
POWERED BY HERE ©

Securely Leased to Salvos Stores – Highly Sought After ‘Essential Service’ Investment

  • Secure Lease to 2025+ Options to 2040
  • Salvos Stores: 100+ Year History
  • Fixed 3.5% Annual Rent Increases
+ Secure lease to July 2025 plus options to July 2040
+ Fixed 3.5% annual rent increases assuring rental growth
+ Salvos Stores: Important Government funded retail chain with over 350 stores nationally
+ Salvation Army: ‘Essential Service’ providing communities with preloved goods for over 100 years
+ Landlord preferred net lease with Salvos paying all usual outgoings as per Lease
+ Modern 365sqm premises constructed in 2017 with important rear loading
+ Excellent tax saving depreciation benefits
+ Significant 625sqm site with premium Commercial 1 Zoning (C1Z) – 4 Carparks on title
+ Prime position amongst Woolworths, ALDI, NAB, Commonwealth Bank, Bendigo Bank, Australia Post and Mitre 10
+ Yarra/Dandenong Ranges: 6.6 million overnight/day trip visitors in FY18/19 who spent an estimated $871 million
+ Net rent: $88,242pa +GST (as at September 2020)

For Sale by Investment Portfolio Auction
11:00am (AEST) Wednesday 23 September

Property ID: 503626398Last Updated: 21 Sep 2020

Agency contacts

Gorman Commercial - Hawthorn East
Gorman Commercial - Hawthorn East
415 Riversdale Road
HAWTHORN EAST, VIC 3123
View agency profile
Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
View agency profile
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Dean Alexander

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Dean Alexander
Gorman Commercial - Hawthorn East
Salvos Store, 51B Main Road Monbulk, VIC 3793

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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