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Cheap as Chips, 58-66 Nicholson Street (& Riverine Street), BAIRNSDALE, VIC, 3875
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Cheap as Chips, 58-66 Nicholson Street (& Riverine Street), BAIRNSDALE, VIC, 3875

2. Property Highlights

High Profile Freehold Investment – Securely Leased to Cheap as Chips
  • 10 yr lease to Cheap as Chips
  • 56 car spaces on-title
  • Bairnsdale: 42,000+ trade catchment

+ Secure 10-year lease to Cheap as Chips until September 2027 + 10-year option to September 2037

+ Cheap as Chips: Est 1985, Growing discount retailer with 42 stores nationally

+ Prominent 2,054sqm building with 3 specialty tenancies including Flight Centre and gourmet Butcher

+ 81% of income secured by Cheap as Chips

+ Annual rent reviews

+ Significant 3,655sqm landholding with 56 car spaces on-title and direct access from Riverine St

+ Prime CBD position nearby Woolworths, Coles, ALDI & Australia Post

+ Bairnsdale: Major commercial centre servicing East Gippsland region with 42,000+ trade catchment

+ Rent: $244,828 pa + GST ($274,033 fully let basis)

For Sale by Investment Portfolio Auction

10:30AM (AEDT) Wednesday 31 March 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
Zomart He 何梓轩
Zomart He 何梓轩
+61 *** *** *** show +61 488 220 830
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898

3. Property Location

Cheap as Chips, 58-66 Nicholson Street (& Riverine Street), BAIRNSDALE, VIC, 3875

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4. Due Diligence

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Cheap as Chips, 58-66 Nicholson Street (& Riverine Street), BAIRNSDALE, VIC, 3875 Bairnsdale
Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 20/150 Lonsdale St, Melbourne VIC 3000
Shaun Venables
Shaun Venables
+61 *** *** *** show +61 411 860 865
Zomart He 何梓轩
Zomart He 何梓轩
+61 *** *** *** show +61 488 220 830
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898
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