Burgess Rawson from CBRE and Youngs & Co Real Estate are delighted to offer to market the Freehold of this substantial property at 7 Mill Street, Mooroopna (Shepparton) VIC for sale via Investment Portfolio Auction 179.
(Please note, the business is not for sale).
The property has the following key investment highlights:
+ Ten (10) Year lease to June 2033 plus Two (2) further Five (5) Year options to June 2043.
+ Mooroopna Hardware: longstanding hardware, timber and building retailer, trading 7 days a week, established 1983. (1)
+ Mooroopna Hardware is the only building supplier in the area with exceptional google reviews and depth in the community.
+ Landlord favourable ‘net lease’ terms with the tenant paying all usual outgoings as per the lease.
+ Annual CPI rent reviews with market reviews at each further option renewal.
+ Substantial 3,767 sqm* CBD freehold site with on-site parking and dual lane drive-thru timber yard.
+ Dual 61 metres street frontage with easy vehicle access and thoroughfare.
+ Favorable Commercial 1 Zone (C1Z) providing significant underlying land value and future development upside potential.
+ Exceptionally presented 1,830 sqm* industrial/retail building with multiple roller door access points and solar panels.
+ Strategically positioned just off McLennan Street (Midland Highway), a key arterial route providing seamless connectivity across central Victoria.
+ Mooroopna: desirable residential town neighbouring Shepparton with VLine train station and major nationals including McDonalds, Woolworths, ALDI, BP, United and Subway.
+ City of Shepparton: a major regional city and the epicenter of the Goulburn Valley ‘Australia’s Fruit Bowl’ with a trade catchment circa 70,000, providing 38,937 local jobs with an annual Gross Regional Product of $4.99 billion (2)
+ Potential 50% Stamp Duty Savings.
+ Net Income: $127,371 pa* + GST
