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Brand New 5 Year Lease to 2028 | An Attractive First Investment

Shop B2/223 Bridge Road , Cobblebank VIC

Property Highlights

New 5 Year Lease to March 2028
Fixed Compounding 3% Rent Increases
Highly Visible Corner Position
Register to Bid

Description

Burgess Rawson is delighted to offer to the market the Precious Beauty Lounge investment at Shop B2, 223 Bridge Road, Cobblebank (Melton) VIC for sale via Investment Portfolio Auction 162

The Property has the following investment highlights:
+ Brand new 5 year net lease to March 2028 plus option to 2033
+ Landlord preferred, net lease terms with tenants paying all usual outgoings
+ Fixed compounding 3% annual increases
+ Precious Beauty Lounge: Facial, skin and hair treatments amongst complementary users
+ Immaculately presented 51 sqm* premises with new AAA fit-out
+ Brand new construction providing tax saving depreciation benefits
+ Single tenant, minimum management investment
+ New & rapidly expanding ‘master planned’ community metres from schools, public transport and community facilities
+ Strategically positioned 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: $35,000 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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