82-88 Benalla Road,
Shepparton, VIC 3630
Shops & Retail • Showrooms & Large Format Retail • Development Sites & Land
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
82-88 Benalla Road
Shepparton, VIC 3630
Map of 82-88 Benalla Road
Rare 5,075sqm* Landholding Between Bunnings Warehouse and Highway
- 4 retail showrooms on one title
- Tenants pay outgoings/ CPI reviews
- Future development upside (STCA)
Burgess Rawson and Gagliardi Scott Real Estate are pleased to offer to the market, 82-88 Benalla Road (Midland Highway), Shepparton VIC via our National Investment Portfolio 160.
The property has the following investment highlights:
+ 100% occupied investment with strong occupancy history.
+ 4 retail showrooms on one title totalling 2,183sqm* anchored by Coventry Group Ltd (ASX:CYG).
+ Investor preferred net lease terms with tenants paying all usual outgoings as per leases.
+ Desirable annual CPI rent reviews.
+ Very low rent per/sqm providing for significant future rental uplift.
+ Property will be sold well below replacement cost.
+ Huge 5,075sqm* ACZ1 freehold landholding with 80 metre* highway exposure.
+ Significant future re-development/ subdivision upside (STCA).
+ High profile Midland Highway site with 22,220 vehicles passing daily. (1)
+ Irreplaceable retail position directly adjoining 19,500sqm* large format Bunnings Warehouse store.
+ Prime location amongst Shepparton Marketplace, The Good Guys, Anaconda, RSEA, Repco and Supecheap Auto.
+ First time offered in over 34 years.
+ Potential 50% stamp duty saving.
+ Shepparton: major regional city with a 100,000 + trade catchment.
+ Net Income: $183,179pa* + GST
For sale by Expression of Interest
Closing 4:00pm (AEST) 11th May 2023
*Approx
1. GapMaps
The property has the following investment highlights:
+ 100% occupied investment with strong occupancy history.
+ 4 retail showrooms on one title totalling 2,183sqm* anchored by Coventry Group Ltd (ASX:CYG).
+ Investor preferred net lease terms with tenants paying all usual outgoings as per leases.
+ Desirable annual CPI rent reviews.
+ Very low rent per/sqm providing for significant future rental uplift.
+ Property will be sold well below replacement cost.
+ Huge 5,075sqm* ACZ1 freehold landholding with 80 metre* highway exposure.
+ Significant future re-development/ subdivision upside (STCA).
+ High profile Midland Highway site with 22,220 vehicles passing daily. (1)
+ Irreplaceable retail position directly adjoining 19,500sqm* large format Bunnings Warehouse store.
+ Prime location amongst Shepparton Marketplace, The Good Guys, Anaconda, RSEA, Repco and Supecheap Auto.
+ First time offered in over 34 years.
+ Potential 50% stamp duty saving.
+ Shepparton: major regional city with a 100,000 + trade catchment.
+ Net Income: $183,179pa* + GST
For sale by Expression of Interest
Closing 4:00pm (AEST) 11th May 2023
*Approx
1. GapMaps
Shepparton, 3630 demographic data
The median household income for Shepparton is $1,285, 7% lower than Regional Victoria's household income of $1,386. Shepparton has a younger age profile compared to the rest of Regional Victoria (median age 38 vs 43). Property ownership data shows 46% of property owners in Shepparton have a mortgage.
32,067
Population
$1,285 per week
Median household income
38 years
Median age
Owners
Most residents
Families
Most households
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Gagliardi Scott Real Estate - SHEPPARTON182 High Street
SHEPPARTON, VIC 3630
SHEPPARTON, VIC 3630
More properties from CBRE - VIC
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
PHN Murray, 100 High Street,Shepparton, VIC 3630 415 m²Shops & Retail • Offices • Development Sites & Land
Contact Agent
Victoria Legal Aid, 320-322 Wyndham Street (Goulburn Valley Highway),Shepparton, VIC 3630 480 m²Shops & Retail • Offices • Medical & Consulting
Contact Agent
CBA, 39-41 High Street,Shepparton, VIC 3630 551 m²Shops & Retail • Offices • Medical & Consulting