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36 Adakite Drive, Berwick, VIC, 3806

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36 Adakite Drive, Berwick, VIC, 3806

Berwick

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36 Adakite Drive, Berwick, VIC, 3806

Berwick

SOLD
36 Adakite Drive, Berwick, VIC, 3806

36 Adakite Drive, Berwick, VIC, 3806

Properties / Sold / Victoria / Berwick
Tenanted Investment
Selling Method
Auction
Selling Details
Price on Request
Land Area
1,000 m² (*approx)
Floor Area
1000 m² (*approx)
Property Type
Retail, Health/Medical, Other
Est. Income
$197,131 p/a
Fully Leased
IGA + Liquor
Show All
Prized IGA Supermarket Plus Liquor | 10 Year Lease to October 2033
  • 10 Year Lease + Options to 2043
  • Modern premises constructed 2023
  • Fast Growing Estate in Berwick

Burgess Rawson is delighted to offer to the market the 'IGA Supermarket Plus Liquor' at 36 Adakite Drive, Berwick VIC for sale via Investment Portfolio Auction 176.

The property has the following key investment highlights:

+ Long Ten (10) Year lease to October 2033 plus Two (2) further Five (5) Year options to 2043.

+ IGA Plus Liquor: national supermarket brand with over 1,400 stores across Australia**

+ Immaculate estate, recently completed AAA tenant fit-out.

+ Well-presented modern 1,000 sqm* supermarket with usual departments including Liquor.

+ Supported by Direct Chemist, childcare centre, dental clinic, medical centre and complementary retail.

+ Landlord-favourable net lease terms with tenant paying usual outgoings.

+ Fixed, compounding annual 3% rent increases ensuring rental growth.

+ Lease secured by 6 month Bank Guarantee plus personal guarantee to the performance of the lease.

+ Single-tenant investment with minimal management required.

+ Strategically positioned within the Alira Village Town Centre, neighbouring the rapidly growing Alira Berwick and Northern Wetlands residential estates.

+ New construction providing maximum tax saving depreciation benefits.

+ City of Casey, Melbourne’s major south-east growth LGA, with population forecast to increase 48% to 614,075 by 2046.***

+ Net Income: $197,131 pa* + GST

To be sold via Investment Portfolio Auction 176

10:30am AEST 14 May 2024

Garden Room, Crown Casino, Melbourne

SHAUN VENABLES

0411 860 865

[email protected]

DAVID NAPOLEONE

0417 308 067

[email protected]

ZOMART HE

0488 220 830

[email protected]

*Approx

**iga.com.au

***ProfileID

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

36 Adakite Drive Investment Summary

Property Type
Retail, Health/Medical, Other
Est. Income
$197,131 p/a
Tenant
IGA + Liquor
Land Area
1,000 m² (*approx)
Floor Area
1000 m² (*approx)
Selling Method
Auction
Auction Date
14 May 2025 10:30AM
Selling Details
Price on Request

Investment Highlights

Prized IGA Supermarket Plus Liquor | 10 Year Lease to October 2033
  • 10 Year Lease + Options to 2043
  • Modern premises constructed 2023
  • Fast Growing Estate in Berwick

Burgess Rawson is delighted to offer to the market the 'IGA Supermarket Plus Liquor' at 36 Adakite Drive, Berwick VIC for sale via Investment Portfolio Auction 176.

The property has the following key investment highlights:

+ Long Ten (10) Year lease to October 2033 plus Two (2) further Five (5) Year options to 2043.

+ IGA Plus Liquor: national supermarket brand with over 1,400 stores across Australia**

+ Immaculate estate, recently completed AAA tenant fit-out.

+ Well-presented modern 1,000 sqm* supermarket with usual departments including Liquor.

+ Supported by Direct Chemist, childcare centre, dental clinic, medical centre and complementary retail.

+ Landlord-favourable net lease terms with tenant paying usual outgoings.

+ Fixed, compounding annual 3% rent increases ensuring rental growth.

+ Lease secured by 6 month Bank Guarantee plus personal guarantee to the performance of the lease.

+ Single-tenant investment with minimal management required.

+ Strategically positioned within the Alira Village Town Centre, neighbouring the rapidly growing Alira Berwick and Northern Wetlands residential estates.

+ New construction providing maximum tax saving depreciation benefits.

+ City of Casey, Melbourne’s major south-east growth LGA, with population forecast to increase 48% to 614,075 by 2046.***

+ Net Income: $197,131 pa* + GST

To be sold via Investment Portfolio Auction 176

10:30am AEST 14 May 2024

Garden Room, Crown Casino, Melbourne

SHAUN VENABLES

0411 860 865

[email protected]

DAVID NAPOLEONE

0417 308 067

[email protected]

ZOMART HE

0488 220 830

[email protected]

*Approx

**iga.com.au

***ProfileID

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

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36 Adakite Drive, Berwick, VIC, 3806

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