Ritchies IGA, 3-5 Wellington Street,
Paynesville, VIC 3880
Shops & Retail • Other
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
Ritchies IGA, 3-5 Wellington Street
Paynesville, VIC 3880
Map of Ritchies IGA, 3-5 Wellington Street
Generational Supermarket Investment | The Only Supermarket in the Region
- Ritchies IGA Pays Percentage Rent
- 7.35 Year WALE, Blue Chip Tenants
- The Only Supermarket in the Region
Burgess Rawson is delighted to exclusively present to the market the Paynesville Village Shopping Centre for sale via our Investment Portfolio Auction #172 on Wednesday 30 October 2024 at 10:30am AEDT, Crown Casino, Melbourne.
This opportunity has the following key investment highlights:
+ Long 7.35 Year WALE with Ritchies IGA paying over 90% of the total rent and supported by Australia Post.
+ Full-line Ritchies IGA supermarket plus Liquor with significant Year on Year sales growth, consistently paying percentage rent plus annual CPI reviews.
+ Ritchies IGA: one of Australia’s largest independent Supermarket chains with $1.4B* sales revenue in 2024 and has a strong backing by Metcash (ASX: MTS) who own a 29.9% stake.
+ Substantial 4,462*sqm C1Z site, supported by a combined 98 on-title and council spaces, including a signed section 173 agreement with council.
+ Landlord favourable net lease terms with both tenants responsible for all usual outgoings.
+ Expansive 2,023sqm* full-line supermarket plus Liquor and the only supermarket and Liquor shop in the region – Nearest Coles or Woolworths is in Bairnsdale, 16km* away and a 35-minute round trip.
+ Recent Supermarket refurbishment, tenant funded
+ Major depreciation tax benefits.
+ Potential 50% stamp duty savings.
+ Paynesville: thriving tourist region and the ‘Boating Capital’ of Victoria with a current population of 6,946 and forecasted to grow 32% by 2046.**
+ Net Income: $535,443 pa* + GST
To be sold via Burgess Rawson Investment Portfolio Auction #172
Wednesday 30 October 2024 at 10:30am AEDT,
Crown Casino, Melbourne
*approx
**profile id
This opportunity has the following key investment highlights:
+ Long 7.35 Year WALE with Ritchies IGA paying over 90% of the total rent and supported by Australia Post.
+ Full-line Ritchies IGA supermarket plus Liquor with significant Year on Year sales growth, consistently paying percentage rent plus annual CPI reviews.
+ Ritchies IGA: one of Australia’s largest independent Supermarket chains with $1.4B* sales revenue in 2024 and has a strong backing by Metcash (ASX: MTS) who own a 29.9% stake.
+ Substantial 4,462*sqm C1Z site, supported by a combined 98 on-title and council spaces, including a signed section 173 agreement with council.
+ Landlord favourable net lease terms with both tenants responsible for all usual outgoings.
+ Expansive 2,023sqm* full-line supermarket plus Liquor and the only supermarket and Liquor shop in the region – Nearest Coles or Woolworths is in Bairnsdale, 16km* away and a 35-minute round trip.
+ Recent Supermarket refurbishment, tenant funded
+ Major depreciation tax benefits.
+ Potential 50% stamp duty savings.
+ Paynesville: thriving tourist region and the ‘Boating Capital’ of Victoria with a current population of 6,946 and forecasted to grow 32% by 2046.**
+ Net Income: $535,443 pa* + GST
To be sold via Burgess Rawson Investment Portfolio Auction #172
Wednesday 30 October 2024 at 10:30am AEDT,
Crown Casino, Melbourne
*approx
**profile id
Explore property virtually
Video
Property ID: 504698612Last Updated: 1 Nov 2024
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
More properties from Burgess Rawson - Melbourne
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
Centrelink, 60-62 Macleod Street,Bairnsdale, VIC 3875 713 m²Offices • Medical & Consulting • Shops & Retail
Contact Agent
Australia Post, 29 Gordon Street,Bairnsdale, VIC 3875 720 m²Warehouse, Factory & Industrial • Shops & Retail • Showrooms & Large Format Retail