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Burgess Rawson - Melbourne
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Target, 119-123 Gray Street Hamilton, VIC 3300

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Target, 119-123 Gray Street
Hamilton, VIC 3300

Shop & Retail • Showrooms & Bulky Goods • Offices

Price information

Sold

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Land area

1769.0m²

Floor area

2081.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Rare Freestanding Sub $4m Wesfarmers Investment Opportunity

  • High yield investment (9.5%)
  • Significant depreciation benefits
  • Securely leased with options to 2032
Securely leased to September 2022 plus options to 2032.
Significant depreciation, 42% of rent potentially tax free.
High yield investment, blue-chip tenant. - 9.5% yield anticipated
Target: Iconic 93 year old retailer, wholly owned by $41 billion Wesfarmers.
Modern 2,081 sqm* retail development,built 2007, with 17 basement car spaces plus exclusive rights to a further 55 car spaces.
Generous 20.7 metre* frontage to Gray Street, the key retail strip in the region.
Strategic location surrounded by Woolworths, Coles, IGA, Harvey Norman and all major banks.
Hamilton: Important commercial service centre servicing 20,000+ trade catchment.
Estimated Net Income: $371,103 pa + GST

For Sale by Private Treaty

Property ID: 503259546Last Updated: 6 Nov 2019

Burgess Rawson - Melbourne
Target, 119-123 Gray Street
Hamilton, VIC 3300
Beau Coulter
Billy Holderhead

Burgess Rawson - Melbourne

Level 7,140 Bourke Street
MELBOURNE, VIC 3000

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Burgess Rawson - Melbourne

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Burgess Rawson - Melbourne

Level 7,140 Bourke Street
MELBOURNE, VIC 3000
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Beau Coulter

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Beau Coulter
Burgess Rawson - Melbourne
Target, 119-123 Gray Street Hamilton, VIC 3300

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

Kind Regards,

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