Prized Inner City Retail Investment | Prominent Corner on Famous Lygon Street

Burgess Rawson is pleased to offer to the market this prized corner investment on a renewed lease for sale via Investment Portfolio Auction 157.

This investment has the following key investment highlights:

+Renewed 3-year lease to December 2025 plus options to 2031.
+Attractive net lease with tenant paying all usual outgoings as per the lease agreement.
+Single tenant, minimum management investment.
+Annual rent reviews.
+Secure car park on-title.
+Strategically located on Lygon Street supported by high density multi-level apartments.
+Lygon Street: major metropolitan arterial with 22,000 vehicles passing daily.**
+Brunswick: in demand, city fringe growth suburb with the median house price up 21% since January 2021 and only 3.5km from Melbourne CBD.***
+Net Income: $45,000 pa* + GST

For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 7 December 2022
Crown Casino – River Room

*approx.
**Gap Maps.
***Realestate.com.au