Long 10 Year Lease to 2029 – Cellarbrations Liquor Investment
51A Main Road, Monbulk VIC
Property Highlights
Description
+ Long 10 Year Lease to May 2029 plus options to May 2039
+ Fixed 3% annual rent increases assuring rental growth
+ Cellarbrations: Hugely successful independent liquor chain with 500+ stores Australia wide
+ Highly sought after ‘essential service’ liquor investment
+ Landlord preferred net lease with tenant paying all usual outgoings as per Lease
+ Modern 248sqm premises constructed in 2017 with important rear loading
+ Excellent tax saving depreciation benefits
+ Recent $250,000 tenant fit out to Cellarbrations latest corporate standard
+ Large 384sqm landholding with premium Commercial 1 Zoning (C1Z) – 4 Carparks on title
+ Strategic position amongst Woolworths, ALDI, NAB, Commonwealth Bank, Bendigo Bank, Australia Post and Mitre 10
+ Yarra/Dandenong Ranges: 6.6 million overnight/day trip visitors in FY18/19 who spent an estimated $871 million
+ Net rent: $51,215 pa +GST
For Sale by Investment Portfolio Auction
11:00am (AEST) Wednesday 23 September
Property Details