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90 Nepean Highway, MENTONE, VIC, 3194
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90 Nepean Highway, MENTONE, VIC, 3194

2. Property Highlights

High Profile Bayside Retail Investment with Brand New 10 Year Net Lease
  • Strategic Location On Busy Nepean Hwy
  • Fixed 3% Annual Rent Increases
  • Tenant Paying All Usual Outgoings

Burgess Rawson is pleased to offer to the market Recharge 90 for sale via our Auction Investment Portfolio 159

The property has the following investment highlights:

+ Brand New 10 year net lease to February 2033 plus options to 2043

+ Recharge 90: Experienced massage therapists with multiple locations

+ Fixed 3% annual rent increases, ensuring rental growth

+ Investor preferred net lease terms with tenant paying all usual outgoings

+ Large 90sqm* corner retail premises with 1 secure car space on-title

+ Strategic location with dual frontage and exposure to Nepean Highway with 57,000 vehicles passing daily**

+ Surrounded by important public infrastructure including Mentone Railway station, Moorabbin Airport and within close proximity of national retailers Woolworths, Coles, ALDI, Officeworks, Bunnings, Supercheap Auto, Petbarn, Rebel and more

+ Complemented by 20 schools within 3 kilometres* servicing 13,373 full-time students**

+ Mentone: affluent Bayside suburb with a median house price of $1,450,000***

+ Net Income: $27,000 pa*

To be sold by Investment Portfolio Auction

10:30am AEDT Wednesday 29th March 2023

Crown Casino, River Rooms, Melbourne

*Approx

**GapMaps

***Realestate.com.au

Remember to mention you found this property on CommercialReady

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Shaun Venables
Shaun Venables
+61 *** *** *** show +61 411 860 865
Justin Kramersh
Justin Kramersh
+61 *** *** *** show +61 460 349 605

3. Property Location

90 Nepean Highway, MENTONE, VIC, 3194

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4. Due Diligence

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90 Nepean Highway, MENTONE, VIC, 3194 Mentone
Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 20/150 Lonsdale St, Melbourne VIC 3000
Shaun Venables
Shaun Venables
+61 *** *** *** show +61 411 860 865
Justin Kramersh
Justin Kramersh
+61 *** *** *** show +61 460 349 605
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