96/96-98 Firebrace StreetHorsham VIC 3400
Property Details for 96/96-98 Firebrace St, Horsham
Last Listing description (April 2024)
First Time offered in 75 Years
New 7 year lease, 3% increases
Horsham's best retail corner
This opportunity has the following key investment highlights:
+ Brand new 7 year lease to 2030, plus options through to 2044.
+ First time offered in 75 years.
+ Amcal: one of Australia's most well-known and trusted pharmacies, with a network of 200+ stores nationwide, est.1937.**
+ Premier 303 sqm* freehold corner site, with significant frontage and exposure to Firebrace Street & Pynsent Street.
+ Landlord favourable net lease terms with tenant paying all usual outgoings as per the lease.
+ Fixed 3% annual rent increases, ensuring future rental growth.
+ Versatile two-level 426 sqm* building, with recent tenant funded upgrades.
+ Position perfect within the Horsham CBD and surrounded by key national retailers; Coles, Bunnings, Spotlight, Woolworths, CBA, ANZ and more.
+ Potential 50% stamp duty savings.
To be sold by Investment Portfolio Auction:
10:30am AEDT Wednesday 25 October 2023
Crown Metropol, Melbourne VIC
Property History for 96/96-98 Firebrace St, Horsham, VIC 3400
- 13 Apr 2024Sold
- 11 Apr 2024Listed for Sale Auction - 25th October 2023 @ 10.30am
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0About Horsham 3400
The size of Horsham is approximately 23.9 square kilometres. It has 42 parks covering nearly 6.4% of total area. The population of Horsham in 2011 was 14,284 people. By 2016 the population was 14,550 showing a population growth of 1.9% in the area during that time. The predominant age group in Horsham is 20-29 years. Households in Horsham are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Horsham work in a professional occupation. In 2011, 66.8% of the homes in Horsham were owner-occupied compared with 66.3% in 2016.
Horsham has 9,427 properties. Over the last 5 years, Houses in Horsham have seen a 65.49% increase in median value, while Units have seen a 55.35% increase. As at 31 August 2024:
- The median value for Houses in Horsham is $374,806 while the median value for Units is $295,685.
- Houses have a median rent of $390 while Units have a median rent of $340.
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