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Lakes Hardware Timber & Building Supplies, 5-11 Stock Street & 8 Roadknight Street, LAKES ENTRANCE, VIC, 3909
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Lakes Hardware Timber & Building Supplies, 5-11 Stock Street & 8 Roadknight Street, LAKES ENTRANCE, VIC, 3909

2. Property Highlights

New 10 Year Lease to 2031 Plus Options - Longstanding Hardware Over 50 Years
  • New 10 year net lease to 2031
  • Substantial 4,632sqm freehold title
  • Includes 2 x 3 bedroom holiday rentals

+ New 10 year anchor lease to Hardware to 2031 plus options to 2041

+ Established and successful full line hardware includes building supplies, timber and nursery

+ Annual rent increases at the greater of 3% or CPI

+ Hardware pays all usual outgoings excluding land tax

+ Well presented buildings totalling 2,250 sqm (excluding holiday rentals)

+ Huge 4,632sqm landholding with expansive 200m street frontage & dual entry

+ Two separate high quality 3 bedroom holiday rentals on title providing additional income and opportunity

+ Lakes Entrance: Year round tourist mecca with seasonal population surging over 25,000+

+ Estimated Net Income: $302,995 pa (GST Excl.)

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
Raoul Holderhead
Raoul Holderhead
+61 *** *** *** show +61 413 860 304
Darren Beehag
Darren Beehag
+61 *** *** *** show +61 411 226 223

3. Property Location

Lakes Hardware Timber & Building Supplies, 5-11 Stock Street & 8 Roadknight Street, LAKES ENTRANCE, VIC, 3909

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4. Due Diligence

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Lakes Hardware Timber & Building Supplies, 5-11 Stock Street & 8 Roadknight Street, LAKES ENTRANCE, VIC, 3909 Lakes Entrance
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