Longstanding Timber & Hardware Freehold | 10 Year Lease to 2033 | High Yield
Description
Burgess Rawson from CBRE and Youngs & Co Real Estate are delighted to offer to market 7 Mill Street, Mooroopna (Shepparton) VIC for sale via Investment Portfolio Auction 179.
The property has the following key investment highlights:
+ Ten (10) Year lease to June 2033 plus Two (2) further Five (5) Year options to June 2043.
+ Mooroopna Hardware: longstanding hardware, timber and building retailer, trading 7 days a week, established 1983. (1)
+ Mooroopna Hardware is the only building supplier in the area with exceptional google reviews and depth in the community.
+ Freehold property for sale only. Not a Business sale. Business trading as usual.
+ Landlord favourable ‘net lease’ terms with the tenant paying all usual outgoings as per the lease.
+ Annual CPI rent reviews with market reviews at each further option renewal.
+ Substantial 3,767 sqm* CBD freehold site with on-site parking and dual lane drive-thru timber yard.
+ Dual 61 metres street frontage with easy vehicle access and thoroughfare.
+ Favourable Commercial 1 Zone (C1Z) providing significant underlying land value and future development upside potential.
+ Exceptionally presented 1,830 sqm* industrial/retail building with multiple roller door access points and solar panels.
+ Strategically positioned just off McLennan Street (Midland Highway), a key arterial route providing seamless connectivity across central Victoria.
+ Mooroopna: desirable residential town neighbouring Shepparton with VLine train station and major nationals including McDonalds, Woolworths, ALDI, BP, United and Subway.
+ City of Shepparton: a major regional city and the epicentre of the Goulburn Valley ‘Australia’s Fruit Bowl’ with a trade catchment circa 70,000, providing 38,937 local jobs with an annual Gross Regional Product of $4.99 billion (2)
+ Potential 50% Stamp Duty Savings.
+ Net Income: $127,371 pa* + GST
To be sold via Investment Portfolio Auction 179
10:30am AEST Tuesday 16 September 2025
Garden Room, Crown Casino, Melbourne
Burgess Rawson from CBRE
Raoul Holderhead 0413 860 304
David Napoleone 0417 308 067
Youngs and Co Real Estate
Les Young 0418 577 612
Glenn Young 0438 579 993
* Approx
(1) mooroopnahardware.au
(2) economy.id.com.au
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Contact agents
Raoul Holderhead Partner
0413 860 304
David Napoleone Senior Sales Executive
0417 308 067Enquiry Form
Mooroopna, VIC
7 Mill Street
- Sold Price: Contact Agent
This property was sold as part of Portfolio 179
Contact agents
-
Raoul Holderhead Partner
0413 860 304 -
David Napoleone Senior Sales Executive
0417 308 067