New 7 Year Lease to 2031 | Attention $750k+ Buyers

Burgess Rawson and Morley Commercial are delighted to offer to the market, Good Bean in this outstanding new development within tightly held Glen Iris for sale via Portfolio Auction on Wednesday 27 March 2024 at 10:30am (AEDT) Crown Casino, Melbourne.

The property has the following investment highlights:

+ Brand new 7-year lease to 2031, plus option through to 2038.
+ Good Bean Gardiner : Proven and highly reputable hospitality operators with a wealth of experience. Good Bean has a presence in 26 locations nation wide.
+ Immaculate and new premises, plus modern amenities with one basement car space on-title.
+ Attractive 3.5% annual rent increases, assuring future rental growth.
+ Investor preferred net lease terms with the tenant responsible for all usual outgoings as per the lease
+ Rare 6-month bank guarantee
+ Prominent location with excellent frontage within the award-winning Glenarm Square retail and apartment development.
+ Developed by renowned Melbourne developer Dealcorp , Glenarm Square contains 115 apartments and circa 850sqm of specialty retail.
+ Adjoining complementary uses including; Psychologist, FloSt8 and exciting announcements to follow.
+ Seamless integration from the retail landing to Gardiner Train Station which includes public carparking.
+ Set and forget premium investment in one of Melbourne’s most desirable locations.
+ High exposure position with easy access onto the Monash Fwy, Burke Road and Gardiner Train Station.
+ Glen Iris: Affluent inner-city suburb with $2,450,000 median house price
+ Net Income: $40,000 pa + GST

For Sale via Portfolio Auction
Wednesday 27 March 2024
10:30am (AEDT) Crown Casino, Melbourne