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Brand New 7 Year Lease to 2030 | Irreplaceable Corner Position Cafe Investment

1/1 Hollingsworth Drive , Cobblebank VIC

Property Highlights

New 7 Year Lease to March 2030
Fixed Compounding 3% Rent Increases
Highly Visible Corner Position
Register to Bid

Description

Burgess Rawson is delighted to offer to the market the Amelia Café investment at 1/1 Hollingsworth Drive, Cobblebank VIC for sale via Investment Portfolio Auction 162.

The Property has the following investment highlights:
+ Long 7 year net lease to March 2030 plus options to 2040
+ Landlord preferred, net lease terms with tenants paying all usual outgoings
+ Fixed compounding 3% annual increases
+ Amelia Café: Thriving café open 7 days a week with 100% 5 star google reviews
+ Prime 68 sqm* retail shop with key dual frontage exposure
+ Brand new construction providing tax saving depreciation benefits
+ Position perfect: central to Coles, Cobblebank Railway Station, Statullah Primary School, Aspire Childcare Centres, Cobblebank Stadium and the Atherstone Athletics Centre
+ Future $900M Melton Hospital: 600 metres* from the subject property, 274+ beds, 24 hour emergency department and will create more than 700 – 1,700 direct and indirect jobs during construction
+ City of Melton: population anticipate to surge to over 416,000 by 2051, a 98% increase
+ Net income: $37,400 pa* GST

To be sold by Investment Portfolio 162 Auction
10:30am AEST Wednesday 2nd August 2023
Crown Casino, Melbourne.

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

DAVID NAPOLEONE
0417 308 067
dnapoleone@burgessrawson.com.au

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

*approx.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Cafe
Land Size
68 SQM
Building Area
68 SQM

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