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:
0411 860 865
0417 308 067
0460 349 605
0447 288 323
Remember to mention you found this property on CommercialReady
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