Target, 21-27 High Street,
Cobram, VIC 3644

Shops & Retail • Showrooms & Large Format Retail • Development Sites & Land

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Burgess Rawson - Melbourne

Level 20, 150 Lonsdale Street
MELBOURNE, VIC 3000

Target, 21-27 High Street

Cobram, VIC 3644

Map of Target, 21-27 High Street

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Trophy Retail Investment - Renewed 5 Year Lease To Target (Wesfarmers)

Renewed 5 Year Plus Options
Tenant Pays All Outgoings + Land Tax
Irreplaceable Town Centre Position

Renewed 5 year lease to March 2024 plus options to 2039
Prominent 1,380 sqm building with 30m retail frontage
Tenant pays usual outgoings inc single holding land tax
Target Australia: wholly owned by Wesfarmers Limited, a top 10 ASX listed company with market cap of $36.53 billion (Jan 2019)
Significant 1,472 sqm site with premium Commercial 1 zoning
Trophy position at the intersection to two major retail strips and amongst Woolworths, IGA, major banks etc
Tenant in occupation 15+ years
Single tenant minimum management investment
Cobram: Important Murray region service centre with a growing trade catchment population extending into NSW exceeding 25,000
Rent: $160,000 pa

Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne

Property ID: 503077558Last Updated: 1 Feb 2021

Burgess Rawson - Melbourne

Level 20, 150 Lonsdale Street
MELBOURNE, VIC 3000