CBRE is pleased to offer to the market, Thira’s Thai Massage, Pakenham VIC for sale via our Auction Investment Portfolio 159.

+ 5 Year Net Lease to Thai Massage operator.
+ Landlord favourable lease, with the tenant responsible for all usual outgoings excluding land tax.
+ Fixed 3% annual rent increases, ensuring future rental growth.
+ Surrounded by complementary national retailers including; Snap Fitness, Bottlemart & Pizza Hut.
+ New 2022 construction, providing significant tax depreciation benefits.
+ Surrounded by important social infrastructure including 9 schools and tertiary education facilities servicing 6,000+ full-time students.**
+ Pristine 89 sqm* premises with dual retail frontage and exposure to Racecourse Road, servicing 14,100 vehicles daily.**
+ Single tenant, minimum management investment
+ Pakenham: Melbourne’s major eastern growth corridor, population estimated to increase 59.9% by 2041.***
+ Net Income: $40,324 pa + GST. (as at April 2023)

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

*approx
**gap maps
*** forecast id