SOLD - Armidale - Premium Large Format Retail Investment - Renewed Lease Term

Cushman & Wakefield is pleased to present to the market 168-174 Miller Street, Armidale for Sale via Auction.

The property has the following key characteristics:

• Renewed 5 year lease to 2026 + options to 2031 (Tenant in occupation 15+ years)
• Fantastic Furniture - One of Australia’s largest furniture & bedding retailers with over 80 locations nationally
• Subsidiary of Steinhoff International, owner of Greenlit Brands which operates Fantastic Furniture, Freedom, Snooze, OMF & Plush Think Sofas
• Steinhoff International - Dual listed in Germany & South Africa with Revenues in excess of EUR 12.9B & 130,000+ employees in over 30 countries 
• Dominant 1,928 sqm purpose built freehold building within Armidale’s core retail, commercial & industrial precinct
• Proven performer in occupation for more than 15 years
• Strategic position neighbouring national tenants incl. Dan Murphy’s, Woolworths, Kmart, McDonald’s, Aldi, Coles & Armidale Plaza Shopping Centre
• Armidale - Strong NSW regional location, estimated to grow to over 38,000 people by 2041
• Net Income $228,969 pa + GST

The property is for sale by way of Cushman & Wakefield Investment Auction on Thursday 25 November at 11am AEDT. The Auction will be held at Doltone House Hyde Park, located on Level 3/181 Elizabeth Street, Sydney.

Prospective purchasers & interested parties will have access to remote bidding facilities in both Brisbane & Melbourne as well as via our Live Stream & Online Bidding Platform, strictly via prior arrangement.

Please contact the exclusively appointed Cushman & Wakefield property professionals for more information.