New 7 Year Net Lease to 2030 | Real Estate Agency in Growth Corridor

Burgess Rawson are delighted to present to the market the Sure Real Estate Agency for sale by Investment Portfolio Auction 164.

This investment has the following highlights:

+ New 7 year lease to May 2030 plus options to 2040.
+ Landlord preferred, net lease terms with tenants paying all usual outgoings.
+ Rare, fixed 4% annual rent increases.
+ Sure Real Estate: New and exciting real estate agency supporting Pakenham’s growth corridor – including the new East Precinct delivering 7,200 homes.** (under development)
+ Immaculate 93sqm* corner premises with dual access and a high-end tenant fit-out.
+ Recent build providing significant tax saving depreciation benefits.
+ Single tenant minimum management investment.
+ Conveniently situated in an expanding residential precinct amongst supporting retailers including Pizza Hut, Bottlemart, Snap Fitness and more.
+ Surrounded by important social infrastructure including 9 schools and tertiary education facilities servicing 6,000+ full-time students.***
+ Pakenham: Melbourne’s major eastern growth corridor, population estimated to increase 59.9% by 2041.**
+ Net income: $44,650 pa* + GST.

*Approx
**Urban Developer
***GapMaps

To be sold via Investment Portfolio Auction 164
10:30am (AEDT) Wednesday 25 October 2023
Crown Metropol – Melbourne