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IGA Northcote Metropolitan Melbourne IGA Supermarket Investment Only 6km* From The Melbourne CBD
IGA Northcote 231 St Georges Road, Northcote VIC 3070
Last Asking Price - $2,000,000
RetailSize: n/a
CBRE is offering for sale IGA Local Grocer + Liquor Northcote, representing a secure supermarket investment with exceptional investment fundamentals.
Key details are summarised below:
+ IGA Local Grocer + Liquor Supermarket with 10 year net lease expiring 2031, plus 3 x 10 year options to 2061
+ 100% leased to blue chip tenant and low exposure to land tax
+ Net income of $184,788* per annum as at November 2024 with annual increases providing guaranteed income growth
+ Excellent visibility to 36,000*^ vehicles passing daily via St Georges Road - Northcote's main commercial and retail tree-lined boulevard
+ Boasting excellent investment fundamentals being directly opposite a major tram stop, with direct access to the property via pedestrian crossing, having Commercial 1 Zoning and extensive high exposure street frontage to St Georges Road
+ Walking distance to Northcote High School, Santa Maria College and Northcote Primary School, in addition to essential amenities such as Northcote Train Station
+ Proximate to an abundance of open space via Merri Creek trail, All Nations Park, Northcote Golf Course and a bike track running directly along St Georges Road's spine
Please contact CBRE for more information and to organise an inspection of the property.
Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
CBRE Asian Services Desk:
Jing Jun (JJ) Heng ()
+61 411 059 116 ()
jj.heng@cbre.com ()
jheng1206 ()
*Denotes Approx.
Key details are summarised below:
+ IGA Local Grocer + Liquor Supermarket with 10 year net lease expiring 2031, plus 3 x 10 year options to 2061
+ 100% leased to blue chip tenant and low exposure to land tax
+ Net income of $184,788* per annum as at November 2024 with annual increases providing guaranteed income growth
+ Excellent visibility to 36,000*^ vehicles passing daily via St Georges Road - Northcote's main commercial and retail tree-lined boulevard
+ Boasting excellent investment fundamentals being directly opposite a major tram stop, with direct access to the property via pedestrian crossing, having Commercial 1 Zoning and extensive high exposure street frontage to St Georges Road
+ Walking distance to Northcote High School, Santa Maria College and Northcote Primary School, in addition to essential amenities such as Northcote Train Station
+ Proximate to an abundance of open space via Merri Creek trail, All Nations Park, Northcote Golf Course and a bike track running directly along St Georges Road's spine
Please contact CBRE for more information and to organise an inspection of the property.
Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
CBRE Asian Services Desk:
Jing Jun (JJ) Heng ()
+61 411 059 116 ()
jj.heng@cbre.com ()
jheng1206 ()
*Denotes Approx.
Inspections
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Key details
Property type:
Retail
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25,276
Listing ID: 182515684. This listing has been viewed 0 times. It was first displayed on 10/05/2024 and last updated on 02/07/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.