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24-32 Manning Street Taree, NSW 2430

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For Sale

24-32 Manning Street Taree, NSW 2430

Shop & Retail
Sale Price

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Land area

3126.0m²

Floor area

3126.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Strong Trading Trophy IGA Supermarket + Liquor

  • 15 Year Direct Lease
  • ASX listed Metcash
  • Options to 2047
For Sale by Private Treaty

Longstanding city centre supermarket site, nearly 50 years trading history
Large land area of 3,790 sqm, building area: 3,126 sqm
Ritchies IGA: founded in 1870, the largest IGA operator in Australia
Metcash: over $14.4bn sales in 2018
Lease guaranteed by ASX listed Metcash
Leased to 2027 + options to 2047
Easily managed premium tenant investment
Annual CPI rent increases
Strategic location in the centre of Taree’s main shopping area
Adjacent to a major council owned car park with direct ramp access
Taree population continues to grow giving strong economic growth prospects

Net Income: $582,510 pa + GST

Property ID: 503120446Last Updated: 3 Jun 2019

24-32 Manning Street
Taree, NSW 2430

Agency contacts

Burgess Rawson - Sydney

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Burgess Rawson - Sydney

Level 18, 15 Castlereagh Street
SYDNEY, NSW 2000
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Email enquiry

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Dean Venturato
Burgess Rawson - Sydney
24-32 Manning Street Taree, NSW 2430

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

Kind Regards,

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