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Securely Leased to Salvos Stores – Highly Sought After ‘Essential Service’ Investment

51B Main Road, Monbulk VIC

Property Highlights

Secure Lease to 2025+ Options to 2040
Salvos Stores: 100+ Year History
Fixed 3.5% Annual Rent Increases

Description

+ Secure lease to July 2025 plus options to July 2040
+ Fixed 3.5% annual rent increases assuring rental growth
+ Salvos Stores: Important Government funded retail chain with over 350 stores nationally
+ Salvation Army: ‘Essential Service’ providing communities with preloved goods for over 100 years
+ Landlord preferred net lease with Salvos paying all usual outgoings as per Lease
+ Modern 365sqm premises constructed in 2017 with important rear loading
+ Excellent tax saving depreciation benefits
+ Significant 625sqm site with premium Commercial 1 Zoning (C1Z) – 4 Carparks on title
+ Prime position amongst Woolworths, ALDI, NAB, Commonwealth Bank, Bendigo Bank, Australia Post and Mitre 10
+ Yarra/Dandenong Ranges: 6.6 million overnight/day trip visitors in FY18/19 who spent an estimated $871 million
+ Net rent: $88,242pa +GST (as at September 2020)

For Sale by Investment Portfolio Auction
11:00am (AEST) Wednesday 23 September

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
625 SQM
Building Area
365 SQM

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