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K-Mart, 21-27 High Street, COBRAM, VIC, 3644
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K-Mart, 21-27 High Street, COBRAM, VIC, 3644

2. Property Highlights

Strong Trading K-Mart Investment – Wholly Owned Subsidiary of Wesfarmers
  • Renewed 5 year lease
  • High profile position
  • K-Mart pays outgoings

+ Renewed Five (5) year lease to March 2024 plus options to 2039.

+ K-Mart: wholly owned subsidiary of ASX listed giant Wesfarmers, with 231 stores across AUS & NZ.

+ Investor preferred net lease terms with K-Mart paying all usual outgoings including Land Tax.

+ Annual CPI rent reviews with most recent Melbourne All Groups at 2.9%.

+ Prominent 1,380sqm building with important 30 metre retail frontage and rear loading dock.

+ Significant 1,472sqm Commercial 1 Zone (C1Z) freehold title.

+ Trophy CBD position amongst Woolworths, McDonalds, IGA, Australia Post & major banks.

+ Cobram: important service centre with 25,000+ trade catchment.

+ Net Income: $186,000pa + GST

For Sale by Investment Portfolio Auction

11.15am (AEDT) Thursday 11 November 2021

Remember to mention you found this property on CommercialReady.com.au

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Shaun Venables
Shaun Venables
+61 *** *** *** show +61 411 860 865
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898

3. Property Location

K-Mart, 21-27 High Street, COBRAM, VIC, 3644

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4. Due Diligence

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K-Mart, 21-27 High Street, COBRAM, VIC, 3644 Cobram
Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 20/150 Lonsdale St, Melbourne VIC 3000
Shaun Venables
Shaun Venables
+61 *** *** *** show +61 411 860 865
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898
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