Long lease underpinned by Australian Icon Bunnings

SOLD

259 Middleborough Road

Box Hill VIC 3128

Showrooms/Bulky Goods

FOR SALE

14406m2

New building on substantial site
• Large site of 3.268 hectares approximately
• Zoning Industrial 1 with a Town Planning permit for restricted retail
• New Bunnings Showroom. Total area 14,406 sqm approximately
• Substantial on-grade car parking for 395 cars
• Substantial depreciation and building allowances

High Profile Location
• High profile location on the corner of Middleborough Road and Clarice Road in Box Hill approximately 16km east of the Melbourne CBD
• Strong demographics supported by large residential population in surrounding suburbs
• Very limited land supply in the Box Hill area will underpin future potential

Long Lease to Bunnings
• 12 year lease to Bunnings Group Limited expiring 19th June 2019
• Income $1,723,962 pa plus outgoings
• Fixed increases of 3% per annum

For Sale by Expressions of Interest closing 9th April 2009 at 4pm.