5 Year Lease Plus Options to 2042 | 2 shops on 2 Titles with Corner Exposure
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
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