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9/13 Palmerston Street
Warragul VIC 3820
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Sold on 14 Nov 2022

9/13 Palmerston Street Warragul VIC 3820

  • Shop & Retail
  • 60 m²
  • Sold

Prized Retail Investment In The Heart Of Warragul CBD

    Valuable 6 Year Net Lease to 2028
    Fixed 3% Annual Rent Increases
    Only 50% stamp duty payable

    Burgess Rawson & Wilson Property are pleased to offer to the market, Daniels Donuts in Warragul on a 6-year lease for sale in Burgess Rawson's Portfolio Auction Investment on the 7th of December 2022.

    The property has the following investment highlights:

    + 6 year lease to 2028 plus further options to 2036.
    + Daniels Donuts: leading food operator with 28 locations across Victoria.
    + Investor preferred net lease terms with the tenant responsible for all outgoings as per the lease.
    + Pristine retail premises with a recent capital-intensive fit-out to the latest corporate tenant design.
    + Strategically located in heart of Warragul CBD, situated between Harvey Norman and Priceline, directly opposite McDonald's and adjoining a Woolworths Supermarket with 200+ at grade public car spaces.
    + Prominent frontage to Victoria Street and exposure to an average of 5,300* vehicles daily.***
    + Commercial 1 Zone (C1Z), in Warragul's strongest commercial hub providing significant future development potential.
    + Household spending per capita on retail services in Warragul is 2.66% greater than the Victorian average***
    + Supported by important social infrastructure including 9 schools, servicing over 3,700 full-time students within a 2km radius***
    + Warragul: booming suburb, with the population forecasted to grow 61% by 2041 and a median house price of $610,000, up 63% in the last 5 years.**
    + Net Income: $35,000 pa* + GST (tenant pays all outgoings)

    To be sold by Investment Portfolio Auction
    10:30am AEDT Wednesday 7th December 2022
    Crown Casino, Melbourne

    *approx.
    ** forecast id.
    *** gap maps

    Wilson Property
    Wilson Property
    Ground Floor, 62 Church Street
    Traralgon, VIC 3844

    Property Highlights

    Date Sold14 Nov 2022
    Floor Area60 m²
    Land Area60 m²
    ParkingAsk Agent
    Property ID2019180555
    Category
    Last updated  15 Apr 2024
    Map for 9/13 Palmerston Street Warragul VIC 3820
    Wilson Property
    Wilson Property
    Ground Floor, 62 Church Street
    Traralgon, VIC 3844

    Property Highlights

    Date Sold14 Nov 2022
    Floor Area60 m²
    Land Area60 m²
    ParkingAsk Agent
    Property ID2019180555
    Category
    Last updated  15 Apr 2024

    More about 9/13 Palmerston Street Warragul VIC 3820

    9/13 Palmerston Street Warragul VIC 3820 is categorized as Shop & Retail Property. It has a floor area of 60 m² and a land area of 60 m². The listing ID for this property is 2019180555.

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