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Shops 3&4/6 Matilda Avenue, WOLLERT, VIC, 3750

2. Property Highlights

5 Year Lease Plus Options to 2042 | 2 shops on 2 Titles with Corner Exposure
  • New 5 Year Lease to 2027
  • Immaculate 220*sqm corner premises
  • Fixed 3% Annual Rent Increases

Burgess Rawson is pleased to offer to the market the Primal Force located at Shops 3 & 4/6 Matilda Avenue, Wollert (Epping) VIC for sale via Investment Portfolio Auction 159.

The property has the following investment highlights:

+ New 5 year lease to 2027 plus options to 2042

+ Primal Force: Reputable strength and performance-based studio with 5 star google reviews

+ Landlord favourable net lease with the tenant responsible for all usual outgoings

+ Annual fixed compounding 3% rent increases, assuring rental growth.

+ Immaculate 220*sqm premises, over 2 titles with an intense high quality tenant fit-out.

+ 75 on-site sealed and lined communal customer car spaces plus street parking at the shop front.

+ Recent construction, providing significant tax depreciation benefits.

+ Last available shop remaining in the 100% fully occupied commercial hub in one of Melbourne's fastest growing suburbs.

+ Positioned in key commercial complex with complimentary tenancy mix including Shell/Viva, Cellarbrations, fast food, medical and convenience retail.

+ Surrounded by important social infrastructure including 6 schools servicing a combined 4,630 full-time students.**

+ Wollert (Epping North): Major Northern growth corridor with an estimated population growth of 1,192% by 2041.

+ Net Income: $91,773 pa* + GST (as at April 2023)

To be sold by Investment Portfolio Auction:

10:30am AEDT Wednesday 29 March 2023

Crown Casino, Melbourne VIC

Please contact the exclusively appointed Burgess Rawson team for more information.

*approx.

**Gapmaps

***Forecast.id

Remember to mention you found this property on CommercialReady

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3. Property Location

Shops 3&4/6 Matilda Avenue, WOLLERT, VIC, 3750

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4. Due Diligence

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Shops 3&4/6 Matilda Avenue, WOLLERT, VIC, 3750 Wollert
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