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Burgess Rawson - Melbourne

K-Mart, 21-27 High Street Cobram, VIC 3644

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K-Mart, 21-27 High Street,
Cobram, VIC 3644

Shop & Retail • Showrooms & Bulky Goods • Other

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Burgess Rawson - Melbourne
Beau Coulter
Shaun Venables

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
Burgess Rawson - Melbourne
K-Mart, 21-27 High Street
Cobram, VIC 3644

Map of K-Mart, 21-27 High Street

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Strong Trading K-Mart Investment – Wholly Owned Subsidiary of Wesfarmers

  • Renewed 5 year lease
  • High profile position
  • K-Mart pays outgoings
+ Renewed Five (5) year lease to March 2024 plus options to 2039.
+ K-Mart: wholly owned subsidiary of ASX listed giant Wesfarmers, with 231 stores across AUS & NZ.
+ Investor preferred net lease terms with K-Mart paying all usual outgoings including Land Tax.
+ Annual CPI rent reviews with most recent Melbourne All Groups at 2.9%.
+ Prominent 1,380sqm building with important 30 metre retail frontage and rear loading dock.
+ Significant 1,472sqm Commercial 1 Zone (C1Z) freehold title.
+ Trophy CBD position amongst Woolworths, McDonalds, IGA, Australia Post & major banks.
+ Cobram: important service centre with 25,000+ trade catchment.
+ Net Income: $186,000pa + GST

For Sale by Investment Portfolio Auction
11.15am (AEDT) Thursday 11 November 2021

Property ID: 503924242Last Updated: 2 Dec 2021

Burgess Rawson - Melbourne
Level 7, 140 Bourke Street
MELBOURNE, VIC 3000
Kerr Real Estate
44 Punt Road
COBRAM, VIC 3644
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