Dual Income Stream Investment | Modern Build With Depreciation Benefits
1A Olive York Way , Brunswick West VIC
Burger Rawson is delighted to offer to the market the Fishin’ Around Restaurant & Full Load Laundromat Brunswick West VIC for sale via our Auction Investment Portfolio 165.
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 be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 6 December 2023
River Room – Crown Casino, Melbourne
To arrange an inspection, or for more information, please contact the exclusive selling agents.