Renewed 7 Year Head Office Lease to Subway Realty Pty Ltd

7B Anderson Street (South Gippsland Hwy), Leongatha VIC

Property Highlights

Fixed 3% Annual Rent Increases
Long Established Highway Location
Central Amongst McDonalds, KFC, Caltex
Register to Bid

Description

+ Renewed 7 year Net lease to 2027 – No further Option
+ Head office company lease to Subway Realty Pty Ltd
+ Subway: the world’s largest restaurant chain with 38,330+ stores and growing
+ Subway pays Outgoings as per lease
+ Strategic fast food location directly opposite McDonald’s & KFC
+ 606 sqm site with important on-site parking and huge corner exposure
+ Significant taxation depreciation
+ Leongatha: capital of South Gippsland, rich dairy region, $65 million+ recent commercial developments, trade catchment circa 15,000, 75km SE of metro Melbourne
+ Net Income: $40,680 pa + GST

For Sale by Investment Portfolio Auction
11:00am (AEDT) Wednesday 28 October

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fast Food
Land Size
606 SQM
Building Area
135 SQM

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