Description

Auction Location: River Room, Crown Casino, Melbourne..

Renewed 3 year lease to April 2021 plus options to 2027.
Leased to National Australia Bank: An uninterrupted presence in Cobden for circa 123 years
Fixed annual 3% rent increases.
Tenant pays all outgoings including land tax.
Well maintained building with excellent exposure on Cobden’s main commercial corner amongst IGA, Newspower, Bendigo Bank etc..
Large 612 sqm site with 72 metre triple frontage.
Commercial 1 Zoning – Suits premium retail.

Cobden: Rich dairy region underpinned by global giant Fonterra’s $50m+ facility servicing Victoria’s western district and the home of Western Star products.
Net Rent: $22,181 pa

Auction 11am AEST Wednesday 1 August 2018
River Room, Crown Casino, Melbourne