Bunnings, 48 Macarthur Street Sale VIC 3850

Dawkins Occhiuto are delighted to present for your consideration an outstanding opportunity to acquire one of the most extensive landholdings to ever come to market in the bustling city centre of Sale.

48 Macarthur Street is 100% leased to Bunnings, one of the most prized covenants in the retail sector. The longstanding tenant has been in occupation of the property for over 10 years.

The property comprises a high exposure format retail hardware store on a significant island site, prominently located within Sale's city centre and adjacent to Gippsland Shopping Centre.

Key features include:
- Leased to Bunnings Group, a wholly owned subsidiary of Wesfarmers
- New 5-year lease from September 2022 with options
- High exposure island site of 8,212sqm*
- Flexible Commercial 1 Zoning
- Investor favoured lease with a passing income of $633k* p.a.
- One of the largest landholdings in the city centre of Sale and located adjacent subregional shopping centre

*approx.

This exceptional property is offered for sale via Expressions of Interest campaign closing Thursday, 20 July 2023 at 3.00pm (AEST).

Please contact exclusive selling agents, Dawkins Occhiuto for more information.