+15 Photos

SOLD

40 Moore Street, ARARAT, VIC, 3377

Properties / Sold / Victoria / Ararat

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

4,284 m² (*approx)

Floor Area

1256 m² (*approx)

Property Type

Retail, Other, Land

Sub-type

Large Format, Mixed Use

Terms

Secure 10 year lease to 2032 plus options to 2042

Est. Income

$162,500 p/a

Fully Leased

Cheap as Chips

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2. Property Highlights

Long 10 Year Lease to National Retailer | Strategic Position Opposite ALDI & IGA

10 year lease to 2032 + options
Cheap as Chips, Est. 1985, 50+ stores
1,256sqm building, 4,284sqm landholding

+Long 10 year lease to 2032 plus options to 2042

+Cheap as Chips: Longstanding and successful discount goods retailer est. 1985, with a growing network of 50+ stores

+Annual CPI rent reviews

+Large 1,256sqm* building plus 28 sealed and line car spaces on-title

+Significant 4,284sqm* landholding provides opportunity to extend buildings STCA

+Strategic position opposite two strong trading supermarkets, ALDI & IGA

+Single tenant minimum management investment

+Ararat: major commercial centre and gateway to the Grampians, 25,000+ trade catchment

+Potential 50% Stamp Duty Savings

+Net Income: $159,782 pa* + GST

For Sale by Investment Portfolio Auction

10:30am AEST Wednesday 10 May 2023

Crown Casino, Melbourne

Remember to mention you found this property on CommercialReady

Tenanted Investment

1. Property Summary

Property Type

Retail, Other, Land

Sub-type

Large Format, Mixed Use

Est. Income

$162,500 p/a

Tenant

Cheap as Chips

Terms

Secure 10 year lease to 2032 plus options to 2042

Land Area

4,284 m² (*approx)

Floor Area

1256 m² (*approx)

Selling Method

Auction

Auction Date

10 May 2023 10:30AM

Add to calendar

Selling Details

Price on Request

2. Property Highlights

Long 10 Year Lease to National Retailer | Strategic Position Opposite ALDI & IGA

10 year lease to 2032 + options
Cheap as Chips, Est. 1985, 50+ stores
1,256sqm building, 4,284sqm landholding

+Long 10 year lease to 2032 plus options to 2042

+Cheap as Chips: Longstanding and successful discount goods retailer est. 1985, with a growing network of 50+ stores

+Annual CPI rent reviews

+Large 1,256sqm* building plus 28 sealed and line car spaces on-title

+Significant 4,284sqm* landholding provides opportunity to extend buildings STCA

+Strategic position opposite two strong trading supermarkets, ALDI & IGA

+Single tenant minimum management investment

+Ararat: major commercial centre and gateway to the Grampians, 25,000+ trade catchment

+Potential 50% Stamp Duty Savings

+Net Income: $159,782 pa* + GST

For Sale by Investment Portfolio Auction

10:30am AEST Wednesday 10 May 2023

Crown Casino, Melbourne

Remember to mention you found this property on CommercialReady

40 Moore Street, ARARAT, VIC, 3377 Ararat

Burgess Rawson - Melbourne

Level 20/150 Lonsdale St, Melbourne VIC 3000

Shaun Venables

+61 *** *** *** show +61 411 860 865

Justin Kramersh

+61 *** *** *** show +61 460 349 605

Industrial

Retail

Child/Healthcare

Hotel/Leisure

Offices

Farming

Other

40 Moore Street, ARARAT, VIC, 3377