- Renewed 5-year lease to March 2024 Plus options to 2039.
- Target Australia wholly owned by West farmers limited. A top 10 ASX listed company with market cap of 36.53 Billion.
- Prominent 1.380 sqm building with 30m Retail frontage
- Tenant pays usual outgoing including single holding land lax
- Commercial 1 zoning
- Trophy position at the intersection to two major retail strips & amongst Woolworths, IGA & major banks
- 15 year + tenant in occupation
- Single tenant minimum management investment
Lessee: Target Australia Pty Ltd
Current term: 5 years from 12/03/2019 to 11/03/2024
Rent reviews: Annual CPI and to market at options
Outgoing: all payable by Lessee as per lease
Net Rental: $160,000 PA