Long Proven Established Business, 10 Year Lease Term Certain, 4% Increases
2/1 Webster Way , Pakenham VIC
Property Highlights
Description
+Pakenham Fruit & Veg Market: Long established proven business with large wholesale and retail business lines
+Secure 15 year lease to 2032 plus options to 2042
+Tenant pays all usual outgoings as per the lease
+Attractive rental growth assured with annual 4% increases
+Highly sought after ‘Essential Service’ asset class
+Superb 816sqm building including mezzanine with outstanding exposure
+Convenient level access plus an abundant of on-site carparking
+Strategic main road position, central amongst Pakenham Market Place shopping centre (WW, The Reject Shop, Big W) and Bunnings, McDonalds located nearby on the Princes Hwy feeder road
+Pakenham: Melbourne’s major eastern growth corridor, population estimated to increase 59.9% to 94,954 by 2041
+Cardinia Shire: forecast population growth to 200,238 (66% increase) by 2041
+Net Income: $78,586 pa + GST (Dec 22)
For Sale by Portfolio Auction
Wednesday 3 August at 10.30am (AEST)
Crown Casino, Melbourne VIC
Property Details