Rare & Secure Metro IGA Supermarket Plus Liquor Investment
4-12 Aviation Road , Laverton VIC
Property Highlights
Description
Burgess Rawson are pleased to offer to the market, the IGA Supermarket Plus Liquor & Australia Post office in Laverton (Melbourne) VIC via our National Investment Portfolio 159.
The property has the following investment highlights:
+ Fully leased investment in Melbourne’s booming western growth corridor.
+ Secure IGA Supermarket Plus Liquor with recent significant tenant funded upgrades. Further upgrades planned.
+ Important Australia Post office with a renewed 5-year lease including 300 PO Boxes and busy Tattslotto outlet.
+ Burger Frens Fries: popular fast-food restaurant with new high-standard fit-out.
+ 89% of income secured by IGA Supermarket Plus Liquor and Australia Post office.
+ Set-and-forget net lease terms with tenants responsible for all usual outgoings as per leases.
+ Guaranteed rental growth with annual CPI and fixed 3% increases.
+ 100% leased to essential service asset classes.
+ Commanding 1,754sqm* freehold building with important rear loading.
+ Prime 2,091sqm* C1Z site with huge 60 metre frontage to Aviation Road.
+ Significant future development upside (STCA).
+ 15 car parks on title, plus direct access to 59 council car parks in immediate vicinity.
+ High profile site with irreplaceable exposure to all vehicular traffic exiting/ entering Princes Freeway.
+ Situated only 50 metres from the newly upgraded Aircraft train station with 100 new additional car parks.
+ Laverton: booming metro suburb only 18km west of the Melbourne CBD.
+ Net Income: $332,483pa* + GST (as at May 2023)
Expressions of Interest now closed.
Contact Sales team for more details.
*Approx
Property Details
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