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96-98 Firebrace Street
Horsham VIC 3400
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Sold on 26 Oct 2023

96-98 Firebrace Street Horsham VIC 3400

  • Medical / Consulting
  • 426 m²
  • Sold

Renewed 5 Year Lease to 2027 Plus 5 Year Option to 2032

    Burgess Rawson is pleased to offer to the market 96-98 Firebrace Street, Horsham VIC for sale via our Investment Portfolio Auction 164.

    This opportunity has the following key investment highlights:

    + Renewed 5 year lease to 2027, plus further 5 year option to 2032.
    + First time offered in 75 years.
    + Amcal: one of Australia's most well-known and trusted pharmacies, with a network of 200+ stores nationwide, est.1937.**
    + Amcal wholly owned subsidiary of ASX listed healthcare giant Sigma Healthcare (ASX:SIG), market cap $693 million.^
    + Premier 303 sqm* freehold corner site, with significant frontage and exposure to Firebrace Street & Pynsent Street.
    + Landlord favourable net lease terms with tenant paying all usual outgoings as per the lease.
    + Annual rent reviews.
    + Versatile two-level 426 sqm* building, with recent tenant funded upgrades.
    + Position perfect within the Horsham CBD and surrounded by key national retailers; Coles, Bunnings, Spotlight, Woolworths, CBA, ANZ and more.
    + Potential 50% stamp duty savings.
    + Horsham: Wimmera's commercial and retail capital with a trade catchment of circa 55,000 people and annual economic output of $7.481 billion.*** The region produces more than half of Victoria's total grain crop, oilseeds and pulses.****
    +Rent: $95,652 pa* + GST.

    To be sold by Investment Portfolio Auction:
    10:30am AEDT Wednesday 25 October 2023
    Crown Metropol, Melbourne VIC

    *approx
    ** Amcal Pharmacies
    *** Wimmera Development Association
    **** Remplan
    ^ ASX

    AUCTION

    Auction date and time25/10/2023 10:30
    Auction locationCrown Metropol - Melbourne
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold26 Oct 2023
    Floor Area426 m²
    Land Area303 m²
    ParkingAsk Agent
    Property ID2018796215
    Category
    Last updated  25 Oct 2023
    Map for 96-98 Firebrace Street Horsham VIC 3400
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold26 Oct 2023
    Floor Area426 m²
    Land Area303 m²
    ParkingAsk Agent
    Property ID2018796215
    Category
    Last updated  25 Oct 2023

    Co-Agents

    Raoul Holderhead
    Burgess Rawson VIC Pty Ltd
    Call
    0413 860 304
    Justin Kramersh
    Burgess Rawson VIC Pty Ltd
    Call
    0460 349 605
    Burgess Rawson VIC Pty Ltd
    Call
    0497 844 705

    More about 96-98 Firebrace Street Horsham VIC 3400

    96-98 Firebrace Street Horsham VIC 3400 is categorized as Medical & Consulting Property. It has a floor area of 426 m² and a land area of 303 m². The listing ID for this property is 2018796215.

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