Added 1 day ago
Ritchies IGA, 1-13 Ilex Street,
Red Cliffs, VIC 3496
Shops & Retail • Development Sites & Land • Other
Added 1 day ago
Price information
Sale - Auction Tue 10 Dec
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$487,030
Number of Tenants
1 Tenant
Tenants / Type
Richies IGA Anchored Centre
Auction
Private inspections
to arrange a private inspection.
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
Ritchies IGA, 1-13 Ilex Street
Red Cliffs, VIC 3496
Map of Ritchies IGA, 1-13 Ilex Street
Bus stops within 5 km of Ritchies IGA, 1-13 Ilex Street, Red Cliffs, VIC 3496 Distance Pedler Lane/Heytesbury Ave (Red Cliffs) 124 m Post OfficeIndi Ave 157 m Heytsbury AveJacaranda St 205 m Red Cliffs Police Station/Jacaranda St (Red Cliffs) 245 m Nardoo StCalder Hwy 375 m POWERED BY HERE ©
POWERED BY HERE ©
Ritchies IGA Anchored Freehold, 14 Year Lease, Proven Trader, Huge 5,475sqm* Site
- Ritchies IGA Anchored Freehold
- 14 Year Lease, 10 Year Options
- Huge 5,475sqm Freehold Site
Burgess Rawson together with Cushman Wakefield are delighted to exclusively present to the market the Red Cliffs IGA anchored Shopping Centre for sale via our Investment Portfolio Auction #173 on Wednesday 11 December 2024 at 10:30am AEDT, Crown Casino, Melbourne.
+ Ritchies: 14 year lease to 2030 plus 10+10 year options to 2050
+ Ritchies IGA: one of Australia’s largest independent Supermarket chains with $1.4B* sales revenue in 2024 and has a strong backing by Metcash (ASX: MTS) who own a 29.9% stake
+ Proven supermarket since 1984, with 100% occupancy and Ritchies IGA accountable for over 94% of the total income
+ Annual CPI rent reviews plus percentage (%) rent provisions
+ Landlord favourable net lease terms with tenants responsible for all usual outgoings.
+ Large 5,475sqm* site (two titles) with triple street frontage and enormous retail exposure
+ Commercial 1 zoning
+ Important 50 car spaces on title, plus ample curb side parking
+ Combined modern 2,528sqm* complex which includes Ritchies IGA supermarket with usual departments including liquor (internal), IGA drive thru bottle shop, plus two retail shops fronting Ilex Street
+ Significant depreciation tax benefits.
+ Potential 50% stamp duty savings.
+ Red Cliffs: central within Victoria’s thriving Sunraysia district, 16km* south of Mildura CBD, trade catchment 6,156 (1)
+ Sunraysia: region is renowned for its sunshine, intensive horticulture including grapes, citrus and cropping.
+ Net Income: $487,030 pa* + GST
To be sold via Burgess Rawson Investment Portfolio Auction #173
Wednesday 11 December 2024 at 10:30am AEDT
Crown Casino, Melbourne
Justin Kramersh 0460 349 6...
Raoul Holderhead 0413 860 3...
Cushman & Wakefield
George Davies 0421 799 4...
Oliver Hay 0419 528 5...
1. Areasearch
+ Ritchies: 14 year lease to 2030 plus 10+10 year options to 2050
+ Ritchies IGA: one of Australia’s largest independent Supermarket chains with $1.4B* sales revenue in 2024 and has a strong backing by Metcash (ASX: MTS) who own a 29.9% stake
+ Proven supermarket since 1984, with 100% occupancy and Ritchies IGA accountable for over 94% of the total income
+ Annual CPI rent reviews plus percentage (%) rent provisions
+ Landlord favourable net lease terms with tenants responsible for all usual outgoings.
+ Large 5,475sqm* site (two titles) with triple street frontage and enormous retail exposure
+ Commercial 1 zoning
+ Important 50 car spaces on title, plus ample curb side parking
+ Combined modern 2,528sqm* complex which includes Ritchies IGA supermarket with usual departments including liquor (internal), IGA drive thru bottle shop, plus two retail shops fronting Ilex Street
+ Significant depreciation tax benefits.
+ Potential 50% stamp duty savings.
+ Red Cliffs: central within Victoria’s thriving Sunraysia district, 16km* south of Mildura CBD, trade catchment 6,156 (1)
+ Sunraysia: region is renowned for its sunshine, intensive horticulture including grapes, citrus and cropping.
+ Net Income: $487,030 pa* + GST
To be sold via Burgess Rawson Investment Portfolio Auction #173
Wednesday 11 December 2024 at 10:30am AEDT
Crown Casino, Melbourne
Justin Kramersh 0460 349 6...
Raoul Holderhead 0413 860 3...
Cushman & Wakefield
George Davies 0421 799 4...
Oliver Hay 0419 528 5...
1. Areasearch
Property ID: 504736480Last Updated: 14 Nov 2024
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Cushman & Wakefield - MelbourneLevel 9, 385 Bourke Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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