Dual Income Stream Investment | Modern Build With Depreciation Benefits

1A Olive York Way, Brunswick West VIC

Property Highlights

Dual net leases to February 2029
Attractive fixed 3% increases
Depreciation Benefits Available
Register to Bid


Burger Rawson is delighted to offer to the market the Fishin’ Around Restaurant & Full Load Laundromat Brunswick West VIC for sale via Private Treaty.

The property has the following investment highlights:

+ Dual Seven (7) year net leases to 2029 with options to 2039.
+ Both ground floor retail shops combine to a total 228 sqm* building area.
+ New (February 2022) construction, providing significant tax saving depreciation benefits.
+ Fishin’ Around Fish & Chippery: Offering a local feel but a not-so local taste, these operators have 50+ years industry experience between the team providing dine-in and take-away open 7 days.
+ Full Load Laundromat: A modern and easily accessible laundromat that services the high density residential developments surrounding open 7 days.
+ Both leases include 3% annual increases ensuring rental growth.
+ Three (3) allocated car spaces included (allocated to the restaurant as per the lease).
+ Strong, set-and-forget net lease structure with both tenants responsible for all usual outgoings as per the lease.
+ Prominent position located conveniently on the ground floor of a high density residential precinct.
+ Mixed Use Zoning (MUZ1) providing flexibility into the future.
+ Brunswick West: Booming inner north suburb located 6km* north of the Melbourne CBD with a median price of $1,187,000**
+ Easily accessible with direct access to Albion Street bus stop and only 75m* from Citylink Freeway on-ramp.
+ Estimated Net income: $154,500 pa* + GST

To arrange an inspection, or for more information, please contact the exclusive selling agents.


Property Details

Current Tenant
Occupancy Type
Fast Food
Land Size
228 SQM
Building Area
228 SQM

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