This iconic commercial freehold set in the heart of Sales CBD is to be offered to the market for the first time and represents an outstanding commercial investment opportunity.
The site has been utilised as a pharmacy since 1981 and has been a constant in the ever changing landscape of Raymond Street.
With a strong lease in place at a current annual rent of $123,784 per annum plus GST and all outgoings.
The current term expires on the 31/8/2024 with negotiations underway for the next 5 year option to be taken up.
There are 3 x 5 year options in place taking the lease up to the 2039.
The rent reviews are to CPI within the lease and market reviews at each option term.
The shop is in great condition throughout with the current occupier starting a refurbishment program to keep the brand as strong as ever.
For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist, or call us on (03) 5144 4333