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Strong Trading Liquorland – Rare CPI Plus Turnover Provisions

12/110 Ashleigh Avenue, Frankston VIC

Property Highlights

Liquorland: Wholly owned by Coles
Integrates seamlessly with Coles
Tenant pays all usual outgoings

Description

+ Secure 5 year lease to November 2023 plus options to 2038
+ Liquorland: Subsidiary of Coles Group Ltd $22.3 billion market capitalisation with 897 liquor stores nationally
+ Tenant pays all usual outgoings as per lease agreement
+ Annual CPI rent reviews plus generous turnover rent provisions
+ Irreplaceable 252 sqm premises integrated directly into Coles Supermarket
+ Direct access to 120+ car parks
+ Karingal Village: 12+ retailers including Coles & Australia Post
+ Within metres of Karingal Place Neighbourhood Centre, Karingal Kindergarten, Karingal Primary School, Karingal Bowls Club & Peninsula Kingswood Country Golf Club
+ Frankston: Population of 144,664 – 40km south-east of Melbourne CBD
+ Estimated NET Income: $99,510 pa + GST

For Sale by Deadline Private Treaty
Closing 1pm Friday 27 March

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Liquor
Building Area
252 SQM

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