Monopoly Tavern in High Growth Location | New 13 Year Lease to Successful Tavern Operator
1/18 Portobello Road , Dalyellup WA
Property Highlights
Description
Burgess Rawson is pleased to offer to the market Unit 1, 18 Portobello Drive, Dalyellup WA for sale via Expressions of Interest.
This opportunity has the following key investment highlights:
+ New 13-year net lease to Last Slice Sports Bar to 2036.
+ One further 10-year option to 2046.
+ Last Slice Sports Bar: experienced and successful local operator with expanding network.
+ Fixed 3% annual rent increases plus ratchet provisions.
+ Tenant pays all outgoings including land tax, rates, insurances and management fees.
+ Impressive premises with extensive $1 million tenant fit-out and licensed for 400 patrons.
+ New construction, offering significant depreciation benefits.
+ 1,259sqm* site, opposite Dalyellup Shopping Centre home to national tenants including Woolworths and Dominos and within metres of leading national retailers including McDonald’s, Hungry Jack’s, KFC and 7-Eleven.
+ Strategically positioned just 380 meters from Bussell Highway, a vital north-south commuter route connecting Bunbury and Augusta.
+ Dalyellup: booming, affordable family-orientated suburb with excellent access to key retail, commercial and transport amenities, and located only 6 kilometres from Bunbury CBD.
+ Net Income: $244,007 pa + GST.
For Sale by Expressions of Interest
Closing 3pm (AEST) Wednesday 10 April 2024
Property Details