November 2, 2022 Eastern Suburbs, For Sale, Forest Hill, Healthcare, Retail, Sales

A Big Name to Add to Your Commercial Portfolio

By Matt Hoath

GrayJohnson is pleased to offer for sale a prominent retail investment in Springvale Road, Forest Hill.

The long term tenant is Australia’s largest pharmacy retailer with more than 300 stores* and 9500 staff nationally*. This valuable essential services tenant has just committed to a new 5 + 5 year lease.

The key highlights of this rare investment opportunity include:

> Occupied by Chemist Warehouse

> Annual fixed increases

 > Rental $87,915 pa Net

> Wide frontage to Springvale Road

> Substantial retail footprint – 300 sqm*

> Significant landholding – 372 sqm*

> To be sold via public auction

 

For more details contact Matt Hoath 0418 543 714 or Rory White 0439 655 504.

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