Ritchies IGA Supermarket Investment
We are proud to present a long term retail investment to Ritchies IGA, which occupies a busy corner in the retail heart of Somerville.
Key investment attributes are as follows:
* Secure 15 year net lease to Ritchies to 2024
* Ritchie’s: 26% owned by Metcash Ltd, ASX listed with a market cap of $3.1 billion
* Well maintained and versatile 965 sqm with premium Commercial 1 zoning and dual street frontage of over 97metres
* Direct retail access to 19 on-title parking spaces plus seamless intergration with over 30 car parks on neighbouring properties
* Net income: $208,819 pa.+ GST and Outgoings.
Ritchies has been operating from this site since 1976 (40+ years) and is one of Australia’s most well-known and significant independent retailers with 74 stores nationally.
AUCTION Wednesday 28th March 2018 at 11am
Crown Casino, River Room, Melbourne
In conjunction with Burgess Rawson
Contact:
Matthew Spicer 0448 567 403
Matt Nichols 0418 186 488
NB: All areas and measurements are approximate.