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Prized Retail Investment In the heart of the Warragul CBD

Shop 9/13 Palmerston Street , Warragul VIC

Property Highlights

Valuable 6 Year Net Lease to 2028
Fixed 3% Annual Rent Increases
Only 50% stamp duty payable

Description

Burgess Rawson & Wilson Property are pleased to offer to the market, Daniels Donuts in Warragul on a 6-year lease for sale in Burgess Rawson’s Portfolio Auction Investment on 7 December 2022.

The property has the following investment highlights:

+6 year lease to 2028 plus further options to 2036.
+Daniel’s Donuts: leading food operator with 28 locations across Victoria
+Investor preferred net lease terms with the tenant responsible for all outgoings as per the lease.
+Fixed 3% annual rent increases, assuring rental growth.
+Pristine retail premises with a recent capital-intensive fit-out to the latest corporate tenant design.
+Strategically located in heart of the Warragul CBD, situated between Harvey Norman and Priceline, directly opposite McDonald’s and adjoining a Woolworths Supermarket with 200+ at grade public car spaces
+Prominent frontage to Victoria Street and exposure to an average of 5,300* vehicles daily.***
+Commercial 1 Zone (C1Z), in Warragul’s strongest commercial hub providing significant future development potential
+Household spending per capita on retail services in Warragul is 2.66% greater than the Victorian average***
+Supported by important social infrastructure including 9 schools, servicing over 3,700 full-time students within a 2km radius***
+Warragul: booming location with the population forecasted to grow 61% by 2041 and a median house price of $610,000, up 63% in the last 5 years.**
+Net Income: $35,000 pa* + GST (tenant pays all outgoings)

To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 7th December 2022
Crown Casino, Melbourne

*approx.
** forecast id.
*** gap maps

Burgess Rawson Agents
Justin Kramersh 0460 349 605
Zomart He 0488 220 830
James Bergman 0428 419 453

Wilson Property RCI – Traralgon Agents
Ben Wilson 0412 525 542
Melissa Van Berkel 0477 013 850

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
60 SQM
Building Area
60 SQM

Contact Agents

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