Take it to the Bank – ASX Top 10 Tenant in High Profile Bayside Location

Burgess Rawson in conjunction with Fitzroys are pleased to offer to the market the brand-new ANZ branch in Hampton East VIC for sale via Portfolio Auction 166 at Crown Casino on February 21st 2024 at 10:30am (AEDT).

The property has the following key investment highlights:

+ Lease to ANZ (ASX Top 6 listed company) with the tenant paying all outgoings as per the lease including land tax (SHB).
+ Immaculate fit out, incorporating the award-winning ANZ ‘Breathe’ concept.
+ Customer demand led to ANZ hand selecting this particular location which services important and established catchment with personal and business banking services.
+ Fixed 4% annual rent increases assuring future rental growth.
+ Impressive 401sqm* freehold site with 11 metres* of frontage and exposure to Nepean Hwy frontage plus ROW.
+ Highly sought-after Activity Centre Zone 1 site with height limit of 5 storeys (17 metres STCA) ensuring potential future upside.
+ Strategic Nepean Highway location with exposure to 64,640* vehicles passing daily**
+ A minimal management, essential service investment.
+ Located directly opposite Moorabbin train station and within an established and successful retail precinct that features Subway, Macpac, Chemist Warehouse and Anytime Fitness.
+ Hampton East: Highly sought after metro bayside suburb surrounded by some of Melbourne’s most highly sought after residential addresses and located 14km* from Melbourne CBD.
+ Annual Net Income: $166,400pa* + GST (June 2024)

For Sale via Burgess Rawson’s Portfolio Auction 166
Wednesday 21 February 2024, 10:30am AEDT
Crown Casino, Melbourne

For further information, please contact the conjunctional selling agents below:

Burgess Rawson

Matthew Wright – 0458 290 588
Zomart He – 0488 220 830
Justin Kramersh – 0460 349 605

Fitzroys

Tom Fisher – 0417 980 824
Mark Talbot – 0409 222 411