Cheap as Chips, 58-66 Nicholson Street (& Riverine Street),
Bairnsdale, VIC 3875

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

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Map of Cheap as Chips, 58-66 Nicholson Street (& Riverine Street)

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High Profile Freehold Investment – Securely Leased to Cheap as Chips

10 yr lease to Cheap as Chips
56 car spaces on-title
Bairnsdale: 42,000+ trade catchment

+ Secure 10-year lease to Cheap as Chips until September 2027 + 10-year option to September 2037
+ Cheap as Chips: Est 1985, Growing discount retailer with 42 stores nationally
+ Prominent 2,054sqm building with 3 specialty tenancies including Flight Centre and gourmet Butcher
+ 81% of income secured by Cheap as Chips
+ Annual rent reviews
+ Significant 3,655sqm landholding with 56 car spaces on-title and direct access from Riverine St
+ Prime CBD position nearby Woolworths, Coles, ALDI & Australia Post
+ Bairnsdale: Major commercial centre servicing East Gippsland region with 42,000+ trade catchment
+ Rent: $244,828 pa + GST ($274,033 fully let basis)

For Sale by Investment Portfolio Auction
10:30AM (AEDT) Wednesday 31 March 2021

Property ID: 503697406Last Updated: 27 Apr 2021

Cheap as Chips, 58-66 Nicholson Street (& Riverine Street)

Bairnsdale, VIC 3875

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