Investment Property
For Sale
  • Retail
  • Premium Freestanding Supermarket Investment

    1-13 Ilex Street, Red Cliffs, VIC 3496 Australia
    Investment Property
    For Sale
  • Retail
  • Premium Freestanding Supermarket Investment

    1-13 Ilex Street, Red Cliffs, VIC 3496 Australia
    Building Size
    1,873 SQM
    Lot Size
    5,481 SQM
    Building Size
    1,873 SQM
    Lot Size
    5,481 SQM

    OVERVIEW

    Cushman & Wakefield Melbco Retail Investments & First National are delighted to exclusively present a premium freestanding supermarket investment at 1-13 Ilex Street, Red Cliffs for sale.


    • Blue-chip tenant in Ritchies IGA with some 150 stores nationally and in excess of $1.4b in annual revenues.

    • Tenant in operation for over 40 years

    • 15-year lease in place with extremely favorable CPI increases and further options

    • Significant net income of $470,565 per annum plus GST & Outgoings

    • Large land holding with significant overflow car parking land to the north and rear of the complex.

    • One of Australia’s oldest retail chains established in 1870 with 6500 employees nationally – part owned by $4b conglomerate Metcash

    • Non-discretionary retail tenant operating from the property since 1983*

    • Potential 50% Stamp duty savings for purchasing regional VIC property.


    *Approx


    1-13 Ilex Street, Red Cliffs is offered for sale via Expressions of Interest closing Wednesday 20 March 2024 at 1pm (AEDT). 


    Cushman & Wakefield 


    Oliver Hay | 0419 528 540

    George Davies | 0421 799 489

    Raphael Favas | 0435 916 380

    Jeff Ha 石军豪 | 0401 145 166


    Details

    Building Size:
    1,873 SQM
    Sale Price:
    Negotiable
    Lot Size:
    5,481 SQM

    AVAILABILITIES

    LOCATION

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