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Burgess Rawson - Melbourne
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Target, 10 Sylvia Place Tumut, NSW 2720

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For Sale - Auction

Target, 10 Sylvia Place Tumut, NSW 2720

Shop & Retail
Sale Price

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Land area

0.41ha (1.01 acres)

Floor area

1500.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$229,775
Number of Tenants
1 Tenant
Tenants / Type
Target

High Yielding Standalone Wesfarmers Freehold

  • Strategic Location Next to Coles
  • Renewed Lease to Target Australia Ltd
  • Strong Performing Target Store
Renewed lease to Target/Wesfarmers Ltd
Annual fixed 3% rent increases
Large site fully integrated with Coles
Brand new 3 + 3 year lease to Target
Modern, low-maintenance retail store of approximately 1,500 sqm, developed in 2008
Strong trader, 7.4% store sales growth in the last 4 months
Strategic 4,083 sqm retail site, surrounded by Coles, KFC, BWS, Snowy Valley Council offices with approx 50 at-grade car spaces on-title
Annual, fixed, compounding 3% rent increases
Target: Iconic 93 year old retailer, wholly owned by $39 billion Wesfarmers, recent increase in half year sales to an estimated $1.5 billion
Tumut: Vibrant retail and service sector servicing a population of over 15,000 and strategically located midway between Sydney and Melbourne
Estimated net rent: $229,775 pa

Auction 11am AEST Tuesday 14 May 2019
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

Property ID: 503168286Last Updated: 14 May 2019

Burgess Rawson - Melbourne
Target, 10 Sylvia Place
Tumut, NSW 2720
Raoul Holderhead
Billy Holderhead

Burgess Rawson - Melbourne

Level 7,140 Bourke Street
MELBOURNE, VIC 3000

Agency contacts

Burgess Rawson - Melbourne

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Burgess Rawson - Melbourne

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

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Burgess Rawson - Sydney

Level 18, 15 Castlereagh Street
SYDNEY, NSW 2000
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Raoul Holderhead

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Raoul Holderhead
Burgess Rawson - Melbourne
Target, 10 Sylvia Place Tumut, NSW 2720

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

Kind Regards,

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