Long 10 Year Lease to New Restaurant | Proven Operators | Fixed 3% Rent Increases
47 Bassetts Road , Doreen VIC
Burgess Rawson are delighted to offer to the market the Crustic Pizza & Pasta at G3/47-49 Bassetts Road, Doreen VIC for sale via Investment Portfolio Auction 165.
This investment has the following key highlights:
+ Long 10 year lease to December 2032 plus options to 2042.
+ Crustic Pizza & Pasta: New and exciting restaurant, ran by established and successful restaurateurs offering in mobile app-ordering, dine in, takeaway and delivery options.
+ Prime 103sqm* retail premises with indoor seating and expansive commercial kitchen.
+ Located within the ‘Vantage Central’ neighbourhood retail centre supported by complimentary restaurants and directly fronting 15 public car parks.
+ Tenant pays all usual outgoings, excluding land tax.
+ Strong and certain rental growth with 3% annual increases.
+ New build, providing significant tax depreciation benefits.
+ Strategic corner position, adjacent to multi- unit development, only 1.2km* from Mernda Railway Station and 450m* from Ivanhoe Grammar, Plenty Campus.
+ Direct access to Bridge Inn Road (350m*) via Bassetts Road, with 9,500 vehicles passing daily.**
+ City of Whittlesea: one of Australia’s fastest growing LGA’s, forecast to grow in population by 55% to 360,691 residents by 2041.***
+ Net Income: $52,530 pa* + GST.
To be sold via Investment Portfolio Auction 165
10:30am (AEDT) Wednesday 6 December 2023
Crown Casino, River Rooms – Melbourne
For further information, please contact the exclusive selling agents below:
0411 860 865
0413 830 808
0460 349 605
0497 844 705