BRAND NEW PREMIUM SERVICE CENTRE INVESTMENT

161-189 Ogilvie Avenue, Echuca, Victoria 3564

Retail For Sale

Expressions of Interest. EOI Date 23 Aug 2018
Land Area: 5,240.00 m2.    Floor Area: 1,691.00 m2.    

Description

Colliers International & Melcorp Commercial are pleased to present 161-189 Ogilvie Avenue, Echuca for sale, a brand new and high performing premium service centre investment with the following key attributes:

- A prominent corner allotment of 5,240m²* offering 140 metres of frontage (approx.)

- Securely leased to United Petroleum and Northern Food Services (trading as Hungry Jack’s)

- Fully leased Net Income of $506,491* per annum (as at 01/07/18)

- Firm 9.81* Year WALE with 3.00% annual increases, plus options extending to 2043

- Recently completed in 2016, the property reaps the perks of newly constructed improvements, offering great depreciation benefits

- Six (6) island pumps with capacity to service 12 vehicles at once

- Strategically positioned on Ogilvie Avenue, Echuca’s premier retail strip, adjacent to Bunnings Warehouse, the Echuca Homemaker Centre, VicRoads, Bridgestone, Repco, Beaurepairs and more

*Approximate

For Sale by Expressions of Interest closing Thursday 23rd August 2018 at 2pm AEST.

Access to the site’s online data room will be granted on request.

For further information please contact Colliers International or Melcorp Commercial as conjunctional agents.

Colliers International

Daniel Wolman +61 412 957 839
daniel.wolman@colliers.com

Anthony Kirwan +61 431 952 430
anthony.kirwan@colliers.com

Harry Bui +61 418 477 888
harry.bui@colliers.com

Melcorp Commercial

Paul Jones +61 488 779 749
paul.j@melcorp.com.au

Tim Spargo +61 402 747 030
tim.s@melcorp.com.au

Features

  • UNITED PETROLEUM & HUNGRY JACKS
  • NET INCOME: $506,491* p.a.
  • FIRM 9.81* YEAR WALE

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