Long 10 Year Lease To Premier Operator | Irreplaceable Golden Mile Corner Position

Burgess Rawson is delighted to offer to the market the Daiku Restaurant at 168 Whitehorse Road, Blackburn VIC for sale via Investment Portfolio Auction 160

The property has the following investment highlights:

+ Long 10-year lease to August 2032 plus options to 2042
+ Daiku: Signature Japanese restaurant by Oushou, a renowned restaurateur with locations in South Yarra, Brighton, and Hawthorn East
+ Landlord favourable net lease terms with tenant paying all usual outgoings
+ Annual fixed 3% rent increases, assuring rental growth
+ Immaculate 358sqm* corner premises with expansive ‘Golden Mile’ frontage and exposure
+ Extra-large outdoor dining licence agreement for exclusive use by tenant
+ On premises liquor licence
+ Security bond plus personal guarantees
+ Brand-new high-quality tenant fit-out
+ 3 secure basement car spaces on-title
+ New construction offering significant depreciation benefits
+ Perfectly positioned within the award winning Pace Group’s Pace of Blackburn development, incorporating 289 apartments (98% sold), and complemented by supporting commercial users including Supermarket, Jellis Craig, Uniting, UBX Boxing + Strength, Cignall, Talon’s Nail Salon
+ Pace of Blackburn, delivered by Pace Development Group who have delivered more than 100 projects across Melbourne
+ Only 600m from Blackburn Train Station and 2km from the Eastern Freeway
+ Whitehorse Road: major eastern suburbs arterial with an average of 37,000 vehicles passing daily**
+ Surrounded by important social infrastructure including 9 schools servicing over 8,000 full-time students within a 2.5km radius**
+ Blackburn: established Metro Melbourne suburb, population forecast to grow 25% by 2031***
+ Net Income: $128,160 pa* + GST

To be sold via Investment Portfolio Auction:
10:30am (AEST) Wednesday 10 May 2023
Crown Casino – River Room

*Approx
**Gap Maps
***Urbis