New 7 Year Lease to Popular Restaurant | Prime Entry – Level Investment in Growth Corridor
49A Bassetts Road , Doreen VIC
Burgess Rawson are delighted to offer to the market the GnG Falafel & Grill at G1/47-49 Bassetts Road, Doreen VIC for sale via Investment Portfolio Auction 165.
This investment has the following key highlights:
+ New 7 year lease to April 2030 plus options to 2040.
+ GnG Falafel & Grill: popular restaurant with 4.8 star google ratings (100+ reviews) offering dine in, takeaway and delivery options.
+ Modern 88sqm retail premises with internal and alfresco seating.
+ Adjoining anchor tenant FoodWorks within the new ‘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 4% 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: $48,400 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
0460 349 605
0497 844 705
0413 830 808