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Brand New 10 Year Lease to 2033 | Statewide Laundromat Chain

Shop B1/223 Bridge Road , Cobblebank VIC

Property Highlights

New 10 year Lease to April 2033
Fixed Compounding 3% Rent Increases
Operator Chain with 24 VIC Locations
Register to Bid

Description

Burgess Rawson is delighted to offer to the market the Blue Hippo Laundry investment at Shop B1, 223 Bridge Road, Cobblebank VIC for sale via Investment Portfolio Auction 162

The Property has the following investment highlights:

+ Long 10 year net lease to April 2033 plus options to 2043
+ Landlord preferred, net lease terms with tenants paying all usual outgoings
+ Fixed compounding 3% annual increases
+ Blue Hippo Laundry: Established in 1999 with 24 locations across Victoria
+ Prime 51 sqm* retail shop and brand new construction providing tax saving depreciation benefits
+ Single tenant, minimum management investment
+ Strategically position within the Atherstone Estate (4,500 lots*)
+ 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: $34,986 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
Retail
Land Size
51 SQM
Building Area
51 SQM

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