Sold

Paul’s SUPA IGA, Ringwood

Strong trading freestanding Supa IGA supermarket opposite the bustling Ringwood East Train Station
  • Land Area:
    2,135 m2
  • Floor Area:
    1,807 m2
  • Whole or Part of Building:
    Whole Building
  • Tenancy:
    Tenanted Investment
  • Income:
    $400,000.00 + GST

OVERVIEW

+ Strategic south east metropolitan freestanding supermarket, directly opposite the bustling Ringwood East Train Station

+ Established and strong trading SUPA IGA Supermarket of 1,807sqm* GLA including a Lotto and liquor offering within the supermarket

+ Convenient access to 80* at grade council car parks, in addition to another 330* car spaces off the Ringwood East Train Station

+ Recently refurbished in 2017, the full line supermarket provides the complete supermarket offering for the surrounding catchment

+ Prominently positioned on a 2,135sqm* Commercial 1 Zoned corner allotment, allowing for future development opportunities

+ Brand New 10 Year Net Lease with 4 further options of 5 years

+ Net income of $400,000 per annum* with annual CPI Rental Increases

For Sale by way of public auction via the CBRE Premium Property Portfolio Auction 8 to be held on 28 March 2019 from 6.00pm at Zagame Ferrari, Level 1, 430 Swan Street Richmond

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