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230 Somerton Road, Roxburgh Park VIC 3064

2. Property Highlights

EXTREMELY RARE GROUND LEASE INVESTMENT
  • Tripe Net Lease - Tenant Pays All OG's
  • Secure 16 Year Lease to Oct 2037
  • Returning $142,223 net pa plus GST

GormanKelly is pleased to offer 230 Somerton Road, Roxburgh Park for sale by Auction on Friday 2nd June, at 12pm onsite.

We believe the most outstanding aspects of this property include:

• Ground Lease to RG Restaurants, one of KFC’s largest Franchisees with 60 stores
• Exceptionally Rare Triple Net Lease - Tenant pays all outgoings incl. Land Tax and Maintenance
• Currently returning: $142,223 net pa plus GST
• Secure 16 year Lease to October 2037
• Strategic gateway site of 2,293sqm* with 29 car-spaces / Zoned Commercial 1
• High exposure corner location with 49.13m* frontage to Somerton Road
• Excellent long term development potential (STCA)
• Surrounded by various operators incl. Taco Bell, McDonalds, Subway, Hungry Jacks, Thirsty Camel, Roxburgh Park Hotel, Spotlight, Repco & Jaycar.
• Located at the gateway to Roxburgh Village, anchored by Coles and ALDI and only 600m* from Roxburgh Park Railway Station.

For more information, please contact Exclusive Selling Agents Nick Breheny, Francis Sbaglia or Robert Kelly from GormanKelly.
 

Remember to mention you found this property on CommercialReady

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3. Property Location

230 Somerton Road, Roxburgh Park VIC 3064

Property Map

4. Due Diligence

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