New 10 Year Lease to Major Supermarket Chain FoodWorks | 400 + Stores Australia-Wide
49 Bassetts Road , Doreen VIC
Burgess Rawson are delighted to offer to the market the FoodWorks at 49 Bassetts Road, Doreen VIC for sale via Investment Portfolio Auction 165.
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)
To be sold via Investment Portfolio Auction 165
10:30am (AEDT) Wednesday 6 December 2023
Crown Casino, River Rooms – Melbourne
**Australian United Retailers
For further information, please contact the exclusive selling agents below:
0411 860 865
0413 830 808
0460 349 605
0497 844 705