Brand New 7 Year Net Lease - Proven Operator, Brand New Premises

Description

Burgess Rawson is pleased to offer to the market, RK Hair & Beauty, Clyde North VIC for sale via our Auction Investment Portfolio 159.

The property has the following investment highlights:

+ New 7 year net lease to 2030 plus two further options to 2040.
+ RK Hair & Beauty: est. 2000, established and successful hair & beauty business in brand new premises.
+ Attractive 4% fixed rental increases ensuring rental growth.
+ Landlord favourable lease terms with tenant paying all usual outgoings as per the lease.
+ Immaculate 89sqm* premises with brand new AAA fit-out
+ Prominent and direct frontage to an 89-space public car park.
+ New (October 2022) construction, providing significant tax depreciation benefits.
+ Single tenant minimum management investment.
+ Expanding residential precinct and supported by complementary users including supermarket, gym, swim school and restaurant/take away.
+ Surrounded by important social infrastructure including 9 schools servicing over 7,500 full-time students within a 3km radius***
+ Clyde North: Melbourne’s major southern growth corridor with the population forecast to increase 130.21% by 2041.**
+ Net Income: $53,400* pa + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 29th March 2023
Crown Casino, Melbourne

*Approx.
**Forecast.id
*** gap maps

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Contact agents
Shaun Venables Partner
0411 860 865
Justin Kramersh Senior Sales Associate
0460 349 605
David Napoleone Senior Sales Executive
0417 308 067
Romanor Falconer Sales Executive
0413 830 808
Enquiry Form

Clyde North, VIC

2/ 121 Grices Road

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 159

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