4-8 Donald Avenue, Frankston, VIC, 3199

Burgess Rawson are pleased to offer the RETURN-IT freehold investment located at 4-8 Donald Avenue, Frankston VIC for sale via Expressions of Interest closing 3pm Thursday 4 July 2024.

Investment highlights include:

+ New Three (3) year lease to through to 2026 plus one (1) further option through to 2028.

+ RETURN-IT: wholly owned subsidiary of Re.Group, offering recycling services for 4+ million people across 35 LGA’s. (1)

+ Container Deposit Scheme (CDS VIC): A Victorian Government initiative with a $515 million investment set to improve the Victorian waste and recycling sector, aiming to divert 80% of all materials away from landfill by 2030. (2)

+ Minimal management investment, investor friendly net lease, with tenant paying all usual outgoings including single holding land tax.

+ Strong and certain income growth with fixed annual, compounding 3% increases.

+ Recent capital intensive fit-out carried out by the tenant including purpose building sorting machines, all to the tenant's latest corporate design and layout.

+ High Profile 661 sqm* landholding providing 19.2 metres* of frontage and exposure to Donald Avenue.

+ Strategic location within the premium automotive and large format retail showroom precinct which includes Ford, Toyota, Kia, Hyundai, Nissan, Subaru, Mitsubishi plus many more.

+ Within 400m* Frankston Freeway and Frankston-Dandenong Road on and off ramps, seeing a combined 84,000 vehicles passing daily. (3)

+ Frankston: Major commercial, retail, education and transport hub servicing the Mornington Peninsula, with a growing population forecast to increase 40% by 2041. (4)

+ Frankston is the gateway to the Mornington Peninsula: Tourism up 55% year-on-year with total domestic tourists reaching 8.23 million people. (5)

+ Net Income: $97,850 pa* + GST.

Expressions of Interest

Closing 3pm (AEST) Thursday 4 July 2024

For further information please contact the agents directly

Available for individual sale or in one line:

126 Dandenong Road West – TJM 4x4

+ New Ten (10) year lease to 2033 plus options 2038.

+ Tenant pays all outgoings including Land Tax.

+ Net Income: $297,800 pa* + GST.

*Approximately

(1) Re.Group

(2) CDS Victoria

(3) GapMaps

(4) Forecast.id

(5) Mornington Peninsula Shire

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