203A High Street,
Ashburton, VIC 3147
Shops & Retail
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A Winning Ticket!
GormanKelly is pleased to offer 203a High Street, Ashburton for sale by auction.
The property offers an outstanding opportunity to acquire a prime retail investment underpinned by a lease to a public company tenant which has been in occupation since 1966 with development potential. Commercial/residential roof top development (STCA). TAB has been in occupation since 1966 and recently the building has been refurbished at the tenants cost.
Land area: 231m² approx
Total Building area: 158m² approx.
Lessee: Tabcorp
Commenced: 14th April 2009
Expiry: 14th August 2012
Option: One (1) further term of Five (5) years
Rental: $55,000 plus GST per annum
Outgoings: Payable by the Lessee (including land tax)
Reviews: CPI per annum, market reviews at Option
Security: Public company tenant
203a High Street is situated on the northern side of High Street.
The property is located within a successful local shopping precinct near Ashburton Train Station which extends along both sides of High Street. Other retailers in the strip include the Cheesecake Shop, Jetset, ANZ, National, Westpac, Bakers Delight, Flight Centre and Australia Post to name a few.
The property enjoys excellent access to major arterials including the Monash Freeway, High Street and Warrigal Road. Both Ashburton and Alamein train stations are within walking distance and there are extensive bus services within the surrounding area.
The property offers an outstanding opportunity to acquire a prime retail investment underpinned by a lease to a public company tenant which has been in occupation since 1966 with development potential. Commercial/residential roof top development (STCA). TAB has been in occupation since 1966 and recently the building has been refurbished at the tenants cost.
Land area: 231m² approx
Total Building area: 158m² approx.
Lessee: Tabcorp
Commenced: 14th April 2009
Expiry: 14th August 2012
Option: One (1) further term of Five (5) years
Rental: $55,000 plus GST per annum
Outgoings: Payable by the Lessee (including land tax)
Reviews: CPI per annum, market reviews at Option
Security: Public company tenant
203a High Street is situated on the northern side of High Street.
The property is located within a successful local shopping precinct near Ashburton Train Station which extends along both sides of High Street. Other retailers in the strip include the Cheesecake Shop, Jetset, ANZ, National, Westpac, Bakers Delight, Flight Centre and Australia Post to name a few.
The property enjoys excellent access to major arterials including the Monash Freeway, High Street and Warrigal Road. Both Ashburton and Alamein train stations are within walking distance and there are extensive bus services within the surrounding area.
Property ID: 5553547Last Updated: 7 Mar 2016
04186552...
203A High Street
Ashburton, VIC 3147
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240 High Street,Ashburton, VIC 3147 210 m²Shops & Retail • Offices • Medical & Consulting
