Long 10 Year Net Lease | Rare 4% Annual Rent Increases
13/162 Whitehorse Road , Blackburn VIC
Burgess Rawson are pleased to present to the market Caseworld at Shop 13/162 Whitehorse Road, Blackburn VIC for sale via Investment Portfolio 165.
The property has the following key highlights:
+ New 10-year lease to June 2033 plus options to 2043.
+ 6 month security bond plus personal guarantees.
+ Caseworld: successful technology repair, accessory and luggage retailer with a strong customer base and multiple locations in Victoria.
+ Landlord favourable net lease terms with tenant paying all usual outgoings.
+ Rare, fixed 4% rent increases, assuring rental growth.
+ Immaculate 88sqm* premises with modern tenant fit-out.
+ 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, UBX Boxing, Cignall, and Talon’s Nail Salon.
+ 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: $52,800 pa* + GST.
To be sold via Investment Portfolio Auction 165
10:30am (AEDT) Wednesday 6 December 2023
Crown Casino, River Rooms – Melbourne
For more information, please contact the exclusive selling agents below.
0411 860 865
0417 308 067
0413 830 808