New 10 Year Lease to Major Supermarket Chain FoodWorks | 400 + Stores Australia-Wide

Burgess Rawson are delighted to offer to the market the FoodWorks at 49 Bassetts Road, Doreen VIC for sale via Private Treaty.

This investment has the following key highlights:

+ New 10-year lease to January 2033 plus options to 2048.
+ FoodWorks: Australia’s second largest independent supermarket with over 400 stores Australia-wide, supporting in excess of $1.35 billion in annual sales at the retail level.**
+ Manna-Foods: established and successful independent supermarket operator over 28 years with six (6) stores and growing, including Doreen, East Keilor, Weribee, Hoppers Crossing, Altona and Grantville.
+ Prime 388sqm* clear span supermarket with complete grocery and liquor offering, open till 10pm 7 days a week.
+ Anchor tenant in the new ‘Vantage Central’ neighbourhood retail centre supported by three complimentary food shops and directly fronting 15 public car parks.
+ Tenant pays all usual outgoings, excluding land tax.
+ Annual fixed 3% rent increases, assuring rental growth.
+ 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: $133,473.57 pa* + GST (at January 2024)

*Approx
**Australian United Retailers
***GapMaps
****forecast.id

For further information, please contact the exclusive selling agents below:

SHAUN VENABLES
0411 860 865
svenables@burgessrawson.com.au

ROMANOR FALCONER
0413 830 808
rfalconer@burgessrawson.com.au

JUSTIN KRAMERSH
0460 349 605
jkramersh@burgessrawson.com.au

JORDAN BELL
0497 844 705
jbell@burgessrawson.com.au