51-53 Tobruk Street,

Ashmont

McGrath Riverina and Knight Frank Wagga Wagga are pleased to exclusively present Ashmont Mall, a substantial multi-tenanted commercial holding offering an exceptional opportunity for investors to secure a strong income-producing asset with considerable scope for future rental and yield growth.

Positioned on a substantial 4,242sqm allotment, the property comprises established brick and tile improvements incorporating 11 individual tenancies, supported by extensive on-site parking and a large solar system.

The centre is currently configured with five leased tenancies and six vacant tenancies, providing an incoming purchaser with the opportunity to actively reposition the property, increase occupancy and substantially improve the overall income return.

A key feature of the investment is the recently secured FoodWorks tenancy, which is operating under a new 10-year lease agreement, providing an important long-term anchor tenant and strong foundation for the centre.

With significant existing infrastructure already in place, the opportunity exists to lease the remaining tenancies and potentially drive the asset toward an extremely strong investment yield.

Property Highlights

• Substantial 4,242sqm site
• Established multi-tenanted neighbourhood shopping centre
• 11 tenancies in total
• 6 tenancies currently leased
• 5 vacant tenancies, providing significant rental upside
• Key anchor tenant Foodworks secured on a new 10-year lease
• Solid brick and tile construction
• Large existing solar system
• 50+ on-site car parking spaces
• Significant scope to increase rental income and overall investment yield
• Opportunity to reposition and improve the tenancy mix
• Strong long-term investment and value-add potential Ashmont Mall represents a rare opportunity to acquire a substantial commercial holding where a long-term anchor tenant provides an income base while the remaining vacancies offer genuine scope to materially increase the property's return.

For further information, financial details or to arrange an inspection, contact the exclusive selling agents:

Expressions of Interest close Thursday, 5th November at 4pm AEST.

Andrew Pellow

McGrath Riverina

0488 226 135

Scott Turner

Knight Frank Wagga Wagga

0418 460 909