Immaculate Automotive Investment | Strategic 'Golden Mile' Highway Location
93 Argyle Street, Traralgon VIC 3844
Auction 14/05/24
RetailSize: n/a
Block size: 938 m² approx.
Burgess Rawson is pleased to offer to the market Jaycar, 93 Argyle Street, Traralgon VIC, for sale via our Investment Portfolio Auction 168.
This investment has the following key highlights:
+ As new Seven (7) year net lease to Jaycar to March 2029.
+ Two (2) further 5 year options to 2039.
+ Jaycar: leading international electronics retailer, with a network of 130+ stores across Australia and New Zealand. (1)
+ Fixed 2.5% annual rent increases, ensuring income growth.
+ Investor preferred net lease terms with tenant responsible for all usual outgoings as per the lease.
+ Modern 531sqm* refurbished retail building incorporating Jaycar's latest corporate design and layout & and a recent capital-intensive fit-out.
+ High Profile 938sqm* C2Z highway site providing exposure to more than 34,500+ vehicles passing daily. (2)
+ Strategic 'Golden Mile' location amongst highly sought-after Large Format Retail (LFR) precinct, including national retailers such as The Good Guys, Harvey Norman, ALDI, Officeworks, Bunnings & Amart.
+ Potential 50% stamp duty saving.
+ Traralgon: retail & commercial capital of the Latrobe Valley servicing a trade catchment of 75,000+ people. (3)
+ Net Income: $77,042 pa* + GST.
For Sale by Investment Portfolio Auction
10:30am AEST Tuesday 14 May 2024
River Room, Crown Casino, Melbourne
* Approx
(1) Jaycar
(2) GapMaps
(3) Latrobe City Council
This investment has the following key highlights:
+ As new Seven (7) year net lease to Jaycar to March 2029.
+ Two (2) further 5 year options to 2039.
+ Jaycar: leading international electronics retailer, with a network of 130+ stores across Australia and New Zealand. (1)
+ Fixed 2.5% annual rent increases, ensuring income growth.
+ Investor preferred net lease terms with tenant responsible for all usual outgoings as per the lease.
+ Modern 531sqm* refurbished retail building incorporating Jaycar's latest corporate design and layout & and a recent capital-intensive fit-out.
+ High Profile 938sqm* C2Z highway site providing exposure to more than 34,500+ vehicles passing daily. (2)
+ Strategic 'Golden Mile' location amongst highly sought-after Large Format Retail (LFR) precinct, including national retailers such as The Good Guys, Harvey Norman, ALDI, Officeworks, Bunnings & Amart.
+ Potential 50% stamp duty saving.
+ Traralgon: retail & commercial capital of the Latrobe Valley servicing a trade catchment of 75,000+ people. (3)
+ Net Income: $77,042 pa* + GST.
For Sale by Investment Portfolio Auction
10:30am AEST Tuesday 14 May 2024
River Room, Crown Casino, Melbourne
* Approx
(1) Jaycar
(2) GapMaps
(3) Latrobe City Council
Inspections
No open inspections scheduled.
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Auction
Tuesday 14 May, 10:30am
Crown Casino - River Room - Melbourne
Key details
Property type:
Retail
Block Size:
938 m²*
Other Details
Lot:
1
Plan:
TP92772
Legal description:
1\TP92772
Maps and area information
Block information
Block size: 938m² (approx)
Legal description: 1\TP92772
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
20 Sep 2021
Sold
Addison Real Estate
Listed: 14/07/2021
Block size: 930m²
Transfer type: Full transfer
Traralgon suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
41 years
Population
26,907
Listing ID: 182456796. This listing has been viewed 0 times. It was first displayed on 17/04/2024 and last updated on 23/04/2024.
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