The Healthsave Benalla Pharmacy; formally Priceline Pharmacy is located on the north side of Bridge St E, one shop west of the intersection with Carrier St.
There is ample street parking in addition to the off street parking in close proximity at Coles, Woolies and Denny Street.
A Pharmacy has traded at this shop since the late 1990’s and next door since the early 1960’s and it has built up a strong following.
Competition from other Pharmacies within Benalla is limited and the Tattslotto Agency located within the premises is another major drawcard, adding to the increase in traffic flow and profitability of the business.
The current lease commenced in June 2016 and was varied in 2018 to to expire on 4 April 2026 with the addition of two further five year options. The passing rent reflects only $240 m2 net. Typically, market rates for retail premises are higher per square metre, albeit the premises are generally smaller.
The longevity of the pharmacy at this location speaks volumes for the asset.
We highly recommend this property to be included within your investment portfolio.