10 Year Lease to National Giant Belgravia Group | 6,229sqm* High Exposure Corner Site

Burgess Rawson is pleased to present to the market 446 Maroondah Highway, Lilydale for sale via Portfolio Auction #163

This opportunity has the following key investment highlights:
+ New 10 year ‘Head Office’ lease to Belgravia to October 2032, plus further options to 2042.
+ Belgravia Group: national powerhouse with 300+ locations, 80,000 members, 7,000 employees and $150m+ annual turnover.
+ Landlord favourable net lease terms with the tenant responsible for all usual outgoings.
+ Land rich 6,229* sqm corner site with significant frontage and exposure to Maroondah Hwy, servicing 25,000+ vehicles daily
+ Important 103 car spaces on-title, providing seamless access and entry to the facility.
+ Immaculately presented 2,412sqm* building with recent $3million capital expenditure, providing significant depreciation tax benefits.
+ Fixed annual rent increases, ensuring future rental growth.
+ Strong membership base with over 2,400 members and growing rapidly, capturing the Yarra Valley region.
+ Strategically positioned in the heart of Lilydale’s main activity centre and surrounded by key national retailers; Supercheap Auto, Repco, Pet Stock, Toyota, Nissan, Shell and more.
+ Lilydale: rapidly growing Eastern suburb of Melbourne and the main gateway to the famous Yarra Valley tourism and wine region, 35km from the Melbourne CBD.
+ Net Income: $546,000* pa + GST (as at October 2023)