Watch Watch
Back
×
Sold Check
+13 Photos
10 & 11/121 Grices Road, Clyde North, VIC, 3978

2. Property Highlights

Licenced Bar & Cafe on Two Titles | Long 10 Year Lease to Oct 2032
  • Long 10 Year Net Lease to October 2032
  • Rate Annual Fixed 4% Rent Increases
  • 167sqm* Building Over Two Titles

Burgess Rawson is pleased to offer to the market, Matilda's Café, Woodfire and Bar Clyde North VIC for sale via our Auction Investment Portfolio 161.

+ Long 10 year lease to October 2032 plus options to 2042.

+ Matilda's Café, Woodfire and Bar: Licensed all day eatery occupying a high-profile double shop with triple retail frontage and exposure plus large alfresco area included on title.

+ Landlord preferred, net lease terms with tenants responsible for all usual outgoings as per the lease.

+ Annual fixed 4% rent increases – ensuring future rental growth.

+ Immaculate 167sqm* building over two titles, plus 62sqm* alfresco with brand new AAA tenant 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/takeaway.

+ 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 2041.2

+ Net income $87,450 pa* + GST.

To be sold by Investment Portfolio Auction

10:30am AEST Wednesday 21st June 2023

Crown Casino, Melbourne

To arrange an inspection, or for more information, please contact the exclusive selling agents:

SHAUN VENABLES

0411 860 865

svenables@burgessrawson.com.au

DAVID NAPOLEONE

0417 308 067

dnapoleone@burgessrawson.com.au

JUSTIN KRAMERSH

0460 349 605

jkramersh@burgessrawson.com.au

LIMING QIAO

0447 288 323

lqiao@burgessrawson.com.au

Remember to mention you found this property on CommercialReady

Read More

3. Property Location

10 & 11/121 Grices Road, Clyde North, VIC, 3978

Property Map

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into CommercialReady to allow access

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
calculator-icon Yield Calculator
calcultor-icon Yield Calculator