Brand New 10 Year Lease to 2034 | Nationwide Powerhouse Pharmacy Retailer

Description

Burgess Rawson is delighted to offer to the market Direct Chemist Outlet at 32 Adakite Drive, Berwick VIC for sale via Investment Portfolio Auction 170.

The property has the following investment highlights:

+ Long 10 year net lease to January 2034 plus two further 5 year options to 2044.
+ Direct Chemist Outlet: Est 2006, Direct Chemist Outlet is a pharmacy chain with 111 locations across the country and offers 20,000 products online and in-store.
+ Brand new 361 sqm* retail shop, high-profile location directly adjoining IGA Supermarket, Medical Centre, Dental Clinic, Childcare centre and many more.
+ Landlord preferred, net lease terms with tenants paying usual outgoings.
+ Fixed, compounding 3% annual rent increases.
+ Single tenant, minimum management investment.
+ Strategically positioned within the Alira Village Town Centre, neighbouring the Alira Berwick and Northern Wetlands residential estates.
+ New construction providing maximum tax saving depreciation benefits.
+ Position perfect: central to Berwick Station and Heritage College.
+ City of Casey, Melbourne’s major south-east growth LGA, with population forecast to increase 45% to 574,124 by 2046.**
+ Net Income: $233,250 pa* + GST

To be sold by Investment Portfolio Auction 170
10:30am AEST Wednesday 7 August 2024
River Room, 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

Please contact the exclusively appointed sales team for more information.

*approx
**forecast.id

Enquire

Contact agents
Shaun Venables Partner
0411 860 865
David Napoleone Senior Sales Executive
0417 308 067
Romanor Falconer Sales Executive
0413 830 808
Enquiry Form

Berwick, VIC

32 Adakite Drive

For Sale by Portfolio Auction
Wednesday 7th August 10:30AM Crown Casino - River Room - Melbourne

This property is part of Portfolio 170

Price: Contact Agent

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