Sold
Long Lease to National Tenant - All Outgoings Paid Inc. Land Tax
Fantastic Furniture, Ravenhall (Melbourne) VIC
Stonebridge Property Group is pleased to present for sale Fantastic Furniture, Ravenhall.
- 2,500 sqm* corner landholding surrounded by retail powerhouse tenants including Officeworks, Bunnings Warehouse, Spotlight (coming soon), Petbarn, Hungry Jacks and several other major retailers
- High performing national retailer with 80 stores across Australia, where tenant pays ALL outgoings including land tax
- Recently extended (during COVID) head lease to Fantastic Furniture, highlighting their confidence and commitment in Ravenhall, which continues to grow with the recent addition of Spotlight
- Long term lease returning $432,000 p.a* with fixed 3% annual rental increases, market review in 2028 (current rent is $180 per sqm)
- Corporate guarantee through parent company Greenlit Brands – a global integrated retailer and manufacturer of household goods who also own other major retailers including Freedom, Snooze and OMF
- High profile position to the heavily trafficked Western Highway (26,000* cars passing daily)
*Approximately
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.