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5/121 Grices Road, CLYDE NORTH, VIC, 3978

+9 Photos

+11 Photos

SOLD

5/121 Grices Road, CLYDE NORTH, VIC, 3978

Properties / Sold / Victoria / Clyde North

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

1 m² (*approx)

Floor Area

86 m² (*approx)

Property Type

Retail, Child/Healthcare, Offices

Sub-type

Cafe/Restaurant, Office Suites, Consulting Rooms

Terms

New 7 year net lease to 2029 plus options to 2043

Est. Income

$55,000 p/a

Fully Leased

Victoria’s Pizza ‘N’ Beyond

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2. Property Highlights

Immaculate Retail Investment | New 7 Year Net Lease to Growing Chain

New 7 Year Lease plus Options to 2043
Fixed 3% Annual Rent Increases
Tenant Pays All Usual Outgoings

Burgess Rawson is pleased to offer to the market, Victoria’s Pizza ‘N’ Beyond, Clyde North (Berwick) VIC for sale via Auction Investment Portfolio 158.

The property has the following investment highlights:

+New 7 year net lease to 2029 plus options to 2043.

+Victoria’s Pizza ‘N’ Beyond: growing fast-food retailer with 7 locations across Melbourne.

+Landlord favourable net lease terms with the tenant paying all usual outgoings as per the lease agreement.

+Single tenant minimum management investment.

+Compounding annual fixed 3% rental increases ensuring income growth.

+Prominent and direct frontage to an 89-space public car park.

+Brand new construction providing maximum tax depreciation benefits.

+Surrounded by important social infrastructure including 9 schools with over 7,500 full-time students.**

+Expanding residential precinct amongst retailers including liquor, childcare, supermarket and fast-food operators.

+Clyde North: Melbourne’s major southern growth corridor with the population forecast to increase 130.21% by 2041.***

+Net Income: $55,000 pa* plus GST

To be sold by Investment Portfolio Auction

10:30am AEDT Wednesday 22nd February 2023

Crown Casino, Melbourne

Remember to mention you found this property on CommercialReady