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1-13 Ilex Street
Red Cliffs VIC 3496
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1-13 Ilex Street Red Cliffs VIC 3496

  • Shop & Retail
  • 2,528 m²
  • Commercial Auction

Ritchies IGA Anchored Freehold, 14 Year Lease, Proven Trader, Huge 5,475sqm* Site

    Burgess Rawson together with Cushman Wakefield are delighted to exclusively present to the market the Red Cliffs IGA anchored Shopping Centre for sale via our Investment Portfolio Auction #173 on Wednesday 11 December 2024 at 10:30am AEDT, Crown Casino, Melbourne.

    + Ritchies: 14 year lease to 2030 plus 10+10 year options to 2050
    + 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
    + Proven supermarket since 1984, with 100% occupancy and Ritchies IGA accountable for over 94% of the total income
    + Annual CPI rent reviews plus percentage (%) rent provisions
    + Landlord favourable net lease terms with tenants responsible for all usual outgoings.
    + Large 5,475sqm* site (two titles) with triple street frontage and enormous retail exposure
    + Commercial 1 zoning
    + Important 50 car spaces on title, plus ample curb side parking
    + Combined modern 2,528sqm* complex which includes Ritchies IGA supermarket with usual departments including liquor (internal), IGA drive thru bottle shop, plus two retail shops fronting Ilex Street
    + Significant depreciation tax benefits.
    + Potential 50% stamp duty savings.
    + Red Cliffs: central within Victoria's thriving Sunraysia district, 16km* south of Mildura CBD, trade catchment 6,156 (1)
    + Sunraysia: region is renowned for its sunshine, intensive horticulture including grapes, citrus and cropping.
    + Net Income: $487,030 pa* + GST

    To be sold via Burgess Rawson Investment Portfolio Auction #173
    Wednesday 11 December 2024 at 10:30am AEDT
    Crown Casino, Melbourne

    Justin Kramersh 0460 349 605
    Raoul Holderhead 0413 860 304

    Cushman & Wakefield
    George Davies 0421 799 489
    Oliver Hay 0419 528 540

    1. Areasearch

    Auction date and time11/12/2024 10:30
    Auction locationCrown Casino - River Room - Melbourne
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Floor Area2,528 m²
    Land Area5,475 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019634769
    Category
    Last updated  13 Nov 2024
    Map for 1-13 Ilex Street Red Cliffs VIC 3496
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Floor Area2,528 m²
    Land Area5,475 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2019634769
    Category
    Last updated  13 Nov 2024

    Co-Agents

    Raoul Holderhead
    Burgess Rawson VIC Pty Ltd
    Call
    0413 860 304
    Justin Kramersh
    Burgess Rawson VIC Pty Ltd
    Call
    0460 349 605
    George  Davies
    George Davies
    Cushman & Wakefield Melbourne
    Call
    +61421799489
    Oliver  Hay
    Oliver Hay
    Cushman & Wakefield Melbourne
    Call
    +61419528540

    More about 1-13 Ilex Street Red Cliffs VIC 3496

    1-13 Ilex Street Red Cliffs VIC 3496 is categorized as Shop & Retail Property. It has a floor area of 2,528 m² and a land area of 5,475 m². The listing ID for this property is 2019634769.

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