Proven Freehold on Main Retail Strip | Brand New Net Lease

Burgess Rawson is pleased to offer to the market, Croydon Newsagency, Croydon VIC via private sale.

The property has the following investment highlights:

+ Brand new 3-year lease to December 2025 plus options to 2031.
+ Croydon Newsagency: successful daily needs business with experienced retail operators.
+ Favourable fixed 3% annual rent increases assuring growth.
+ Investor preferred net lease terms with tenant paying all usual outgoings as per lease.
+ 240sqm* freehold building on main retail strip with important rear loading and side lane pedestrian access.
+ High profile 474sqm* Commerical 1 Zone site with dual street frontage and on-title parking.
+ Desirable retail position, CBA, NAB, Australia Post, Salvos, ANZ, BOQ all within 150 metres.
+ Croydon: metro suburb 27km* east of Melbourne CBD, with median house price up 15.8%.
+ Net Income: $88,775pa + GST.