Target, 21-27 High Street,
Cobram, VIC 3644

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

Key property information

Land area

Floor area

Property extent

Tenure type

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Map of Target, 21-27 High Street

Directions

Trophy Retail Investment - Renewed 5 Year Lease To Target (Wesfarmers)

Renewed 5 Year Plus Options
Tenant Pays All Outgoings + Land Tax
Irreplaceable Town Centre Position

Renewed 5 year lease to March 2024 plus options to 2039
Prominent 1,380 sqm building with 30m retail frontage
Tenant pays usual outgoings inc single holding land tax
Target Australia: wholly owned by Wesfarmers Limited, a top 10 ASX listed company with market cap of $36.53 billion (Jan 2019)
Significant 1,472 sqm site with premium Commercial 1 zoning
Trophy position at the intersection to two major retail strips and amongst Woolworths, IGA, major banks etc
Tenant in occupation 15+ years
Single tenant minimum management investment
Cobram: Important Murray region service centre with a growing trade catchment population extending into NSW exceeding 25,000
Rent: $160,000 pa

Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne

Cobram, 3644 demographic data

The median household income for Cobram is $1,026, 26% lower than Regional Victoria's household income of $1,386. Cobram has an older age profile compared to the rest of Regional Victoria (median age 48 vs 43). Property ownership data shows 36% of property owners in Cobram have a mortgage.

6,148

Population

$1,026 per week

Median household income

48 years

Median age

Owners

Most residents

Families

Most households

Kerr Real Estate

44 Punt Road
COBRAM, VIC 3644