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Burgess Rawson - Melbourne

IGA, 182-184 Borella Road East Albury, NSW 2640

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IGA, 182-184 Borella Road,
East Albury, NSW 2640

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Burgess Rawson - Melbourne
Raoul Holderhead
Matthew Wright

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
Burgess Rawson - Melbourne
IGA, 182-184 Borella Road
East Albury, NSW 2640

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Affordable Freestanding Supermarket- Proven Performer

  • Renewed 7 Year lease, Metcash Guarantee
  • Trades above percentage rent threshold
  • Tenant pays all usual outgoings
+Renewed Seven (7) year lease to 2028 plus options to 2042, with Metcash Guarantee
+Metcash: Leading wholesale Distribution company, sales circa $16 billion+ FY21, current market cap circa $4.30 billion
+Attractive net lease terms with tenant responsible for all usual outgoings as per the lease
+A super trading store well above percentage rental threshold
+As new, modern 1,534sqm* store, rebuilt in 2014 with usual full-line departments including liquor
+Substantial 3,509sqm* site over two titles with 44 convenient on site car spaces
+Located directly opposite the Albury Base Hospital, the second-largest regional health service in Victoria
+Albury/Wodonga is one of Australia’s most important regional centres with 100,435 residents, forecast to grow 24.2% by 2036**
+Albury Wodonga is Australia’s 13th largest non-capital city
+The twin cities of Albury/Wodonga have a booming population of 100,435, with 7,673 businesses supporting 51,747 jobs***
+Net Income: $437,035pa + GST*

For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 3 August 2022
Crown Casino - River Room

*approx
***id

Property ID: 504103023Last Updated: 10 Aug 2022

Burgess Rawson - Melbourne
Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
Burgess Rawson - Sydney
Level 11.02, 9 Castlereagh Street
SYDNEY, NSW 2000
L J Colquhoun Dixon Real Estate - Albury
576 Kiewa Street
ALBURY, NSW 2640
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