1880 Ferntree Gully Road,
Ferntree Gully, VIC 3156

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Map of 1880 Ferntree Gully Road

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Freestanding Coles Supermarket with Expansion Land

Rarely offered freestanding Coles
Net lease - tenant pays outgoings
Opportunity for future expansion STCA

Resilient trader on recently renewed lease plus option to 2027
Coles: a division of Wesfarmers (ASX Top 10)
Classic Net lease with tenant paying all outgoings including Land Tax
Prominent freestanding building of 2,212 sqm with potential to increase to 3,328 sqm
Freehold ‘island’ site of 3,492 sqm with quadruple frontage and additional land providing opportunity for future expansion STCA
Supermarket immediately adjoins over 500 car spaces
Focal position within thriving Mountain Gate Strip Centre of over 50 shops
Ferntree Gully, the heart of the developed East, 30km from Melbourne CBD
Significant income tax saving depreciation
Rent: $418,057 pa

Auction 11am AEDT Wednesday 22 February 2017
River Room, Crown Casino, Melbourne

Property ID: 502245670Last Updated: 3 May 2021