IGA Northcote 231 St Georges Road,
Northcote, VIC 3070
Shops & Retail
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CBRE - Melbourne
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
IGA Northcote 231 St Georges Road
Northcote, VIC 3070
Map of IGA Northcote 231 St Georges Road
IGA Northcote – Metropolitan Melbourne IGA Supermarket Investment Only 6km* From The Melbourne CBD
- LONG TERM NET LEASE
- HIGHLY SECURE INVESTMENT
- STRONG TENANT + FIXED ANNUAL INCREASES
CBRE is offering for sale IGA Local Grocer + Liquor Northcote, representing a secure supermarket investment with exceptional investment fundamentals.
Key details are summarised below:
+ IGA Local Grocer + Liquor Supermarket with 10 year net lease expiring 2031, plus 3 x 10 year options to 2061
+ 100% leased to blue chip tenant and low exposure to land tax
+ Net income of $184,788* per annum as at November 2024 with annual increases providing guaranteed income growth
+ Excellent visibility to 36,000*^ vehicles passing daily via St Georges Road - Northcote’s main commercial and retail tree-lined boulevard
+ Boasting excellent investment fundamentals being directly opposite a major tram stop, with direct access to the property via pedestrian crossing, having Commercial 1 Zoning and extensive high exposure street frontage to St Georges Road
+ Walking distance to Northcote High School, Santa Maria College and Northcote Primary School, in addition to essential amenities such as Northcote Train Station
+ Proximate to an abundance of open space via Merri Creek trail, All Nations Park, Northcote Golf Course and a bike track running directly along St Georges Road’s spine
Please contact CBRE for more information and to organise an inspection of the property.
Scott Hawthorne
+61 400 861 0...
scott.hawthorne@cbre.com.au
Nathan Mufale
+61 421 224 3...
nathan.mufale@cbre.com.au
CBRE Asian Services Desk:
Jing Jun (JJ) Heng 王敬君 (中文普通话咨询物业详情)
+61 411 059 1... (手机)
jj.heng@cbre.com (电子邮件)
jheng1206 (微信)
*Denotes Approx.
Key details are summarised below:
+ IGA Local Grocer + Liquor Supermarket with 10 year net lease expiring 2031, plus 3 x 10 year options to 2061
+ 100% leased to blue chip tenant and low exposure to land tax
+ Net income of $184,788* per annum as at November 2024 with annual increases providing guaranteed income growth
+ Excellent visibility to 36,000*^ vehicles passing daily via St Georges Road - Northcote’s main commercial and retail tree-lined boulevard
+ Boasting excellent investment fundamentals being directly opposite a major tram stop, with direct access to the property via pedestrian crossing, having Commercial 1 Zoning and extensive high exposure street frontage to St Georges Road
+ Walking distance to Northcote High School, Santa Maria College and Northcote Primary School, in addition to essential amenities such as Northcote Train Station
+ Proximate to an abundance of open space via Merri Creek trail, All Nations Park, Northcote Golf Course and a bike track running directly along St Georges Road’s spine
Please contact CBRE for more information and to organise an inspection of the property.
Scott Hawthorne
+61 400 861 0...
scott.hawthorne@cbre.com.au
Nathan Mufale
+61 421 224 3...
nathan.mufale@cbre.com.au
CBRE Asian Services Desk:
Jing Jun (JJ) Heng 王敬君 (中文普通话咨询物业详情)
+61 411 059 1... (手机)
jj.heng@cbre.com (电子邮件)
jheng1206 (微信)
*Denotes Approx.
Property ID: 504588212Last Updated: 2 Jul 2024
CBRE - MelbourneLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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