Clean Commercial Investment Starter – 7 + 7 Year Net Lease

3/220 Epping Road, Wollert VIC

Property Highlights

7 + 7 year net lease to 2025
Established tenant since 2018
Fixed 4% rent increases
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Description

+ Seven (7) year lease to March 2025 plus Seven (7) year option to 2032.
+ Generous 4% fixed annual rent increases assuring growth.
+ Investor preferred net lease terms with tenant paying all usual outgoings.
+ As new 80sqm laundromat constructed in 2018 with dual frontage and customer entry points – Significant depreciation benefits on offer.
+ Positioned in key commercial complex with 15 complimentary retailers including Shell/Viva, Cellarbrations, Burger Edge and Dental One.
+ Wollert: within Melbourne’s fast growing northern growth corridor with estimated 52% population growth by 2041.
+ Net Income: $40,045pa + GST

Auction Wednesday 23 June
River Room, Crown Casino, Melbourne
Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
80 SQM
Building Area
80 SQM

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