logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
Australia
  • Global
  • United States
  • Angola
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Brazil
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Ghana
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Kazakhstan
  • Kenya
  • Korea
  • Latin America / Caribbean
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Morocco
  • Netherlands
  • New Zealand
  • Nigeria
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Russia
  • Saudi Arabia
  • Singapore
  • Slovakia
  • South Africa
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
Log In
  • Global Intranet
  • myCBRE
  • Services
    • Business Lines
      • Advisory & Transaction Services
      • Asset Services
      • Capital Markets
      • Global Workplace Solutions
      • Valuation & Advisory Services
      • Investment Management
    • Industry & Specialties
      • Office
      • Industrial & Logistics
      • Retail
      • Residential
      • Agribusiness
      • Building, Depreciation & Cost Consultancy
      • Government Real Estate Advisory & Transactions
      • Hotels
      • Sustainability
      • Retirement & Healthcare
    • Services for Investors
      • Debt and Structured Finance
      • Experience Services (CBRE 360)
      • Institutional Investments
      • International Investments
      • Investment Advisory
      • Structured Transactions & Advisory
      • Leasing & Advisory
      • Metropolitan Investments
      • Property Management
      • Property Sales
      • Recovery & Restructuring
      • Valuation & Advisory
    • Services for Occupiers
      • Enterprise Facilities Management
      • Experience Services (CBRE 360)
      • Leasing & Advisory
      • Occupier Consulting
      • Portfolio Services
      • Project Management
      • Sale and Leaseback
      • Structured Transactions & Advisory
      • Transaction Management
      • Valuation & Advisory
      • Workplace
  • Properties
    • Agribusiness
      Hotels
      Industrial & Logistics
      Institutional Investments
      Metropolitan Investments
      Office
      Residential
      Retail
  • Research & Reports
    • About Research
      Australia Research Archives
      Asia Pacific Research
      Global Research Gateway
  • People & Offices
    • Executive Committee
      Local Office Leadership
  • About CBRE
    • Careers
      Case Studies
      Corporate Information
      Corporate Responsibility
      Investor Relations
      Client Tools
      Media Centre
      The Place Makers
      CBRE Who are we?

Previous

Australia attracts above average share of global property turnover

Next

CBRE’s signature charity event raises $240,000, surpasses fundraising targets
  • Home
  • About CBRE
  • Media Centre
  • Beaumaris IGA to be sold under the hammer

Beaumaris IGA to be sold under the hammer

15 September 2014
  • Email
  • Share
  • Tweet
  • Share

Melbourne, 15 September 2014 – A prominent Beaumaris property securely leased to national retailer IGA will be auctioned this month - marking the first time the asset has been offered for sale.

CBRE’s Victorian Retail Investments team, comprising Justin Dowers, Rorey James and Josh Rutman, have been appointed to market 6-12 South Concourse on behalf of the private vendor.

The freestanding building, which is securely leased to longstanding tenant Beaumaris IGA until 2024, is situated on a 810sqm land holding and features 24 metres of high profile exposure onto Beaumaris’ main retail hub – Concourse Shopping Centre. The property currently generates a net income of $265,743 per annum.

Mr Dowers said the property’s location and investment appeal would be key selling factors, with the significant depth in the buyer market for non-discretionary focused assets like supermarkets driving strong enquiry to date for Beaumaris IGA.

“This is a truly unique opportunity to break into one of the most tightly held markets in Australia with a blue chip investment leased to IGA on a brand new 10-year lease,” Mr James said.

“Beaumaris IGA benefits from a prominent location within the well-established and popular bayside suburb of Beaumaris. It also benefits from close proximity to major boutique and national retailers, as well as substantial free car parking nearby.”

Mr James added: “Its strong investment appeal is further underpinned by the fact that this property is the sole supermarket in Beaumaris, as well as the only freestanding supermarket asset currently being offered to the Melbourne market.”

The property is being offered to the market via a public on-site auction on September 19 at 12.30pm.

For Australian/international news or global stories, follow us on Twitter.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue).  The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.au.
 

 

 

 

 

Media Contacts

Kathryn House Headshot
Kathryn House
Communications Director
Pacific
+61 2 9333 3585
  • Corporate Information
  • Corporate Responsibility
  • Media Centre
  • About CBRE
  • Careers
  • Case Studies
  • People & Offices
  • Executive Committee
  • Investor Relations
  • Contact Us
  • Australia Privacy Policy
  • Privacy Policy
  • Australian Job Applicant Privacy Policy
  • Sitemap
  • Terms of Use
  • Instagram
  • Facebook
  • Twitter
  • LinkedIn
  • Google