Long 10 Year Net Lease | National Tobacco Retailer

Burgess Rawson are pleased to present the Cignall Tobacconist at Shop 10/160 Whitehorse Road, Blackburn VIC for off market private sale.

The investment has the following key highlights:

+ Long 10-year lease to September 2032 plus options to 2042.
+ Cignall Tobacconist: Formed in Victoria in 2000, Cignall operate across the country with over 250 locations. Franchise operator has five other tobacconist locations.
+ 3 month security bond plus personal guarantees.
+ Landlord favourable net lease terms with tenant paying all usual outgoings.
+ Rare, fixed 4% rent increases, assuring rental growth
+ Immaculate 98 sqm* premises with modern tenant fit-out to corporate design.
+ Perfectly positioned within the award winning Pace Group’s Pace of Blackburn development, incorporating 289 apartments (100% sold) and complemented by supporting commercial users including Jefferies Supermarket, Jellis Craig, Uniting, UBC Boxing, Talon’s Nail Salon and Caseworld.
+ Recent construction offering significant depreciation benefits.
+ Pace of Blackburn, delivered by Pace Development Group who have delivered more than 100 projects across Melbourne.
+ Whitehorse Road: major eastern suburbs arterial with an average of 37,000 vehicles passing daily** and high foot traffic.
+ Only 600m* from Blackburn Train Station and 2km* from the Eastern Freeway.
+ Surrounded by important social infrastructure including 9 schools servicing over 8,000 full-time students within a 2.5km radius.**
+ City of Whitehorse: major commercial and residential eastern region LGA, only 15km from Melbourne CBD and forecast to increase in population 20% to 216,317 by 2041.***
+ Net Income: $42,500 pa* + GST.

For more information on this off market opportunity, please contact the exclusive selling agents below.

SHAUN VENABLES
0411 860 865
svenables@burgessrawson.com.au

DAVID NAPOLEONE
0417 308 067
dnapoleone@burgessrawson.com.au

ROMANOR FALCONER
0413 830 808
rfalconer@burgessrawson.com.au

*Approx
**Gapmaps
**forecast.id