SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Mornington Peninsula Set & Forget Investment

803 Point Nepean Road (Nepean Highway), Rosebud VIC

Property Highlights

New 15 Year Lease - ASX-Listed Tenant
All Outgoings Paid Incl. Land Tax
Significant Depreciation Benefits

Description

+ Brand new 15 year Lease to December 2034 plus options to 2054
+ Tenant pays all outgoings including Building Insurance & Land Tax
+ Annual CPI Rent Reviews
+ Important brand new improvements including high clearance canopy to allow large vehicles watercraft refuelling and extensive convenience store
+ Significant taxation saving depreciation benefits – building completion late 2019
+ Surrounded by accommodation providers, caravan parks and foreshore campaign directly opposite
+ Gateway to Rosebud retail centre including Rosebud Beach Shopping Centre, Rosebud Plaza & ALDI amongst many others.
+ High exposure corner site, zoned Commercial 1 with triple street frontage totalling over 100 metres
+ Single tenant, minimum management investment
+ Net Income: $420,000 pa + GST

For Sale by Auction
11am AEDT Wednesday 1 April
Crown Casino, Melbourne VIC

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fuel Station
Land Size
1,274 SQM
Building Area
0 SQM

Contact Agents

Contact Me

Stay up to date with our latest portfolio auctions & insights