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Target, 119-123 Gray Street, Hamilton, Vic 3300

Target, 119-123 Gray Street, Hamilton, Vic 3300

Retail Showrooms/Bulky Goods Offices

  • Sold Contact Agent
  • Fri 13-Sep-19

Rare Freestanding Sub $4m Wesfarmers Investment Opportunity

  • High yield investment (9.5%)
  • Significant depreciation benefits
  • Securely leased with options to 2032

  • Land Area
  • 1769.00 m² (approx)
  • Floor Area
  • 2,081 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • May 22, 2020

Interested in this property? Contact an Agent today

Burgess Rawson - Melbourne

Level 7, 140 Bourke Street

Melbourne Vic 3000

Billy Holderhead, Burgess Rawson - Melbourne
Billy Holderhead
Beau Coulter, Burgess Rawson - Melbourne
Beau Coulter

Rare Freestanding Sub $4m Wesfarmers Investment Opportunity

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

Target, 119-123 Gray Street, Hamilton, Vic 3300

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