Bayside Investment With The Lot

Burgess Rawson is pleased to offer to the market, Burgertory Mentone for sale via our Auction Investment Portfolio 156.

The property has the following investment highlights:

+Brand new 10-year lease to June 2032 plus options to 2042.
+Burgertory: Proven and reputable fast-food operator with 16 locations across Melbourne and an aggressive future growth plan.
+Investor preferred net lease terms with the tenant responsible for all outgoings as per the lease.
+Immaculately presented retail premises with significant capital intensive fit-out to the latest corporate tenant design.
+Recent construction providing significant depreciation tax benefits
+Prominent frontage and exposure to the Nepean Highway and Warrigal Road intersection with an average of 69,400* vehicles passing daily.
+Household spending per capita on retail services in Mentone is 23% greater than the Victorian average.
+Supported by important social infrastructure including 16 schools, servicing over 11,700 full-time students within a 2.5km radius*
+Residential building approvals in the City of Kingston have grown by 10.4% between FY21 and FY22.****
+Strong trade catchment with a total population of 61,000* within a 3km radius of 1 Balcombe Road*****
+Mentone: booming bayside suburb, 21km from the Melbourne CBD. Median house price $1,470,000, up 17.4% in the last 12 months and a population growth forecast of 23%+ by 2041.***
+Net Income: $51,000 pa* plus GST

To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 26th October 2022
Crown Casino, Melbourne

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