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CBRE - VIC

Ritchies Supa IGA, 14 Ireland Street Bright, VIC 3741

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Ritchies Supa IGA, 14 Ireland Street,
Bright, VIC 3741

Shops & Retail • Showrooms & Large Format Retail • Development Sites & Land

Key property information

Land area

Floor area

Property extent

Tenure type

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CBRE - VIC
Shaun Venables
Beau Coulter

CBRE - VIC

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000
CBRE - VIC
Ritchies Supa IGA, 14 Ireland Street
Bright, VIC 3741

Map of Ritchies Supa IGA, 14 Ireland Street

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Long-Established Supermarket Backed by Metcash Ltd

  • Secure net lease to Ritchies to 2025
  • Annual rent reviews
  • Lease guaranteed by Metcash Ltd
Secure 10 Year Lease to 2025 plus 2 x 10 Year options.
Substantial 1,600 sqm supermarket including liquor.
Strategic Commercial 1 Zoned site with 2 street frontages and an important pedestrian link connecting to large council car park.
Central to complementary retail inc post office, banks, pharmacy etc.
Ritchies pay all usual outgoings (excluding land tax).
Ritchies is Australia’s 7th largest private retailer with revenue of $863 million (source IBISWorld) across a network of over 75 stores.
Metcash (ASX: MTS): Australia’s leading ASX-listed wholesaler with sales of over $14 billion in FY18.
Bright: booming year-round family tourist destination and gateway to Victorian Alps – 55% house price growth in the past 3 years.
Rent: $242,817 pa (projection based on June quarter CPI).

Under Offer

Bright, 3741 demographic data

The median household income for Bright is $1,352, 2% lower than Regional Victoria's household income of $1,386. Bright has an older age profile compared to the rest of Regional Victoria (median age 49 vs 43). Property ownership data shows 36% of property owners in Bright have a mortgage.

2,620
Population
$1,352 per week
Median household income
49 years
Median age
Owners
Most residents
Families
Most households
CBRE - VIC
Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000

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