547 Whitehorse Road,
Mitcham, VIC 3132

Investors will be tripping over their shoe laces to purchase this high profile retail showroom located 150m east of the intersection Mitcham Road.

Boasting a 12m Whitehorse Road frontage and ample service road parking, well known specialist footwear retailer, Gilmour Shoes, commenced a long term lease in August, 2012 with a commencing rent of $76,800 per annum net (GST exclusive). Additional income is derived from a licence agreement with 3GIS Pty Ltd for roof-top telecommunication towers accessed from the rear right of way. Total Rental: $93,300 per annum net (GST exclusive)

The property has an approximate land area of 450m2 and building area of 460 m2 including first floor ancillary offices and storage areas at rear.

LEASE DETAILS

Total Rental: $93,300 per annum net (GST exclusive)

Lease to Gilmours Pty Ltd commenced 1st August, 2012
Lease term: 5 years
Further terms: 2 terms each of 5 years
Current rent: $76,800 per annum net (GST exclusive)
Rent reviews: Annual CPI increase (All Groups Melbourne) on the anniversary of lease commencement with a review to market value at the commencement of any further term;

Licence to 3GIS Pty Ltd
Lease term: Expires 26th September, 2015
Further terms: Nil
Current rent: $16,500 per annum net (GST exclusive)
Rent reviews: Annual CPI (All Groups – Melbourne)

Inspection by Appointment