Sold
Freehold Investment Adjoining McDonald's Leased by National Tenant
228-230 Main Street, Bairnsdale VIC
Stonebridge Property Group in conjunction with Wilson Property are pleased to present for sale 228-230 Main Street, Bairnsdale.
The key highlights of the opportunity include:
- A strategic investment anchored by longstanding national tenant FortyWinks (100+ Australian stores)
- Vendor favoured, recently renewed, 3-year net lease with no further options – providing opportunity for occupiers/developers in the medium term
- Located at the gateway to Bairnsdale with prime Main Street frontage, rear access & off-street parking via major council car park
- Flexible 474 sqm* Commercial 1 zoned landholding complete with multiple street frontages
- FortyWinks, and any future tenants, benefit from exposure to the 22,000* vehicles that pass along Main Street daily
- Providing annual income of $60,000* + GST + Outgoings with fixed annual increases of 2%
- Benefitting from 150+ free council car parks and a mix of complementary surrounding tenants including Woolworths, McDonald's, BWS, Subway & the Bairnsdale Visitor Information Centre
- Gippsland, located in Victoria’s south east, is experiencing a significant population boom, currently growing at 4% per annum
- A strong tourism industry contributes ~$1.68 billion annually to the Gippsland economy (8.94 million* tourists visit the area each year)
*Approximate
To obtain further information or to arrange an inspection, please contact the exclusive selling agents: