$1,630,000

8 / 11 Foster Street, Sale VIC 3850

1267 m²

1233.90 m²

$1,630,000

8 / 11 Foster Street, Sale VIC 3850

1267 m²

1233.90 m²

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Blue Ribbon Investment

This property is prominently located at the gateway to Sale's City Centre which is the capital for retail, commercial, administrative, education and civic activities in the Wellington Shire. Nearby tenants include Dahlsens, Petstock, Fur Life Vet and Carpet Country. Foster Street is the primary highway retail, showroom and car yard precinct for Sale with excellent exposure and access to the Princes Highway which is the main east bound thoroughfare to Sale from Melbourne. The property is occupied under lease to Knauf Pty Ltd who are the leading manufacturer of plasterboard, joint compounds, and metal framing in Australia. Knauf Gypsum Pty Ltd was formerly known as USG Boral but is now owned 100% by the Knauf Group based in Germany.

Lease Details:-
Term 5 Years commencing 1/6/2023.
Annual Rent $96,720 plus GST
Annual 3% Rent Review
Options consist of two terms each of 5 Years.
Outgoings paid by the Lessee

Location

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