New 10 Year Lease to 2031 Strategically Situated in Growing Indian Community

37 Baltrum Drive, Wollert VIC

Property Highlights

10 year lease to Feb 2031
Fixed 3% annual increases
Tenant pays usual outgoings
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Description

+ Secure 10 year lease to Feb 2031 plus options to 2041.
+ Large 156 sqm premises with dual retail frontage and high exposure.
+ Everest Grocer: Indian grocer strategically situated in one of Melbourne’s most densely populated Indian communities.
+ Fixed compounding 3% annual increases ensuring growth.
+ Investor preferred net lease terms with tenant paying all usual outgoings as per lease.
+ Positioned in key commercial complex with 15 complimentary retailers including Shell/Viva, Cellarbrations and Dental One.
+ Epping North: Melbourne’s northern growth corridor with an estimated 52% population growth by 2041.
+ Net Income: $53,040 pa + GST

For Sale by Investment Portfolio Auction
11am (AEST) Tuesday 28 September 2021

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Supermarket
Building Area
156 SQM

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