10 Fairfield Street and 6 Medway Street, Gore, Gore

Prime trade retail investment

Bayleys is proud to present for sale 10 Fairfield Street & 6 Medway Street, Gore.

This represents an excellent opportunity for investors to purchase a high quality industrial asset with a well-recognised blue-chip tenant and excellent investment fundamentals.

This landmark commercial building benefits from a long standing lease to Placemakers (Fletcher Distribution Limited) and is located in the heart of Gore's town centre directly across from the Reserve Gardens.

Surrounded by a high quality mix of retailers including New World, The Warehouse and Countdown which creates a busy retail hub and adds further appeal to this excellent central location.

Placemakers have been established in this location since the 1980s and the building has been expanded over time to meet their requirements.

Situated on a 3813sqm site spanning five titles, the building offers a proven, practical trade retail layout and excellent frontage to Fairfield street, its hard to miss!

The property comprises a 1261sqm building providing a 450sqm retail showroom, an adjoining 727sqm warehouse plus offices and amenities.

A fully security-fenced yard of about 2500 sqm sits behind the main building, with a frontage to Medway Street giving dual entry and exit access, in addition to the drive-through bulk retail exit.

The property provides a very functional location for the tenants but also provides flexibility for future reconfiguration or development and the commercial zoning allows for a wide range of activities including offices, healthcare, education, visitor accommodation, residential, commercial recreation, and car parking.

In recent years the property has also had multiple improvements including new roller doors, a newly concreted yard and an updated office fit-out.

Current annual rent: $115,002.65

Contact Julie Mitchell or Luke Baird today for more information.