IGA Taree 24-32 Manning Street Taree NSW 2430

Colliers is pleased to offer IGA Taree, a longstanding IGA occupying a prominent core CBD site in Taree, an established regional city known as one of the major regional service centre destinations in the Mid North Coast NSW region.

Ritchies Supa IGA Plus Liquor, the largest IGA operator in Australia with 76 stores, is considered as a defensive investment with 100% non-discretionary income, 15 year lease from 2012 with 10 + 10 yearoptions until 2047 and lease guaranteed by ASX listed Metcash.

Investment Highlights:
Ritchies IGA: founded in 1870, the largest IGA operator in Australia.
Site area: 3,790 sqm*
Total GLA: 3,126 sqm*
15 year lease from 1 September 2012 to 31 August 2027 + 10 + 10 year options to 2047
Strong CPI annual rental increases
Rent guaranteed by Metcash (MTS), ranked 4th out of 80 in its sector^
Estimated Net Income: $656,247.03
Adjacent Butterworth Council Car Park with 215 car spaces
Main Trade Area Population: 96,368 and expected to reach 113,147 by 2036*

The property is for sale via Private Treaty, please contact the Colliers team for more information today.
Price Guide: 6.5% - 7% net yield

^Food & Staples Retailing Sector 2022 (ASX)

*Approximately.