Ritchie's IGA (Metcash), 2 Eramosa Road East,
Somerville, VIC 3912
Shops & Retail • Other
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Map of Ritchie's IGA (Metcash), 2 Eramosa Road East
Affordable Freestanding Metcash Supermarket Freehold
- Secure 15 yr net lease to Ritchies
- CPI reviews + 2.25% turnover rent
- Tenant in Occupation for 40+ Years
Secure 15 year net lease to Ritchies to 2024 plus options to 2039
Ritchie’s: 26% owned by Metcash Ltd, ASX listed with a market cap of $3.1 billion
Highly desirable annual CPI reviews plus generous turnover rent provisions of 2.25%
Well maintained and versatile 965 sqm retail building 50 metres from NAB and Commonwealth Bank
Significant corner landholding of 1,926 sqm with premium Commercial 1 zoning and dual street frontage of over 97 metres
Direct retail access to 19 on-title parking spaces plus seamless integration with over 30 car parks on neighbouring properties
Somerville: Satellite suburb 52km from Melbourne, between Frankston and Hastings
Net Income: $208,819 pa + GST and Outgoings
Auction 11am AEDT Wednesday 28 March 2018
River Room, Crown Casino, Melbourne
Ritchie’s: 26% owned by Metcash Ltd, ASX listed with a market cap of $3.1 billion
Highly desirable annual CPI reviews plus generous turnover rent provisions of 2.25%
Well maintained and versatile 965 sqm retail building 50 metres from NAB and Commonwealth Bank
Significant corner landholding of 1,926 sqm with premium Commercial 1 zoning and dual street frontage of over 97 metres
Direct retail access to 19 on-title parking spaces plus seamless integration with over 30 car parks on neighbouring properties
Somerville: Satellite suburb 52km from Melbourne, between Frankston and Hastings
Net Income: $208,819 pa + GST and Outgoings
Auction 11am AEDT Wednesday 28 March 2018
River Room, Crown Casino, Melbourne
Property ID: 502729006Last Updated: 3 May 2021
Ritchie's IGA (Metcash), 2 Eramosa Road East
Somerville, VIC 3912
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Nichols Crowder Property Solutions - Moorabbin358 South Road
MOORABBIN, VIC 3189
MOORABBIN, VIC 3189
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
United Petroleum, 1025 Frankston-Flinders Road,Somerville, VIC 3912 1 m²Shops & Retail • Showrooms & Large Format Retail • Development Sites & Land
