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Shop 11/1 Hunt Way, PAKENHAM, VIC, 3810

2. Property Highlights

New 5 Year Lease in Brand New Complex | Surrounded by National Retailers
  • 5 year net lease to 2027
  • Fixed 3% annual rent increases
  • Dual Retail Frontage and Exposure

Burgess Rawson is pleased to offer to the market, Thira’s Thai Massage, Pakenham VIC for sale via our Auction Investment Portfolio 159.

+ 5 Year Net Lease to Thai Massage operator.

+ Landlord favourable lease, with the tenant responsible for all usual outgoings excluding land tax.

+ Fixed 3% annual rent increases, ensuring future rental growth.

+ Surrounded by complementary national retailers including; Snap Fitness, Bottlemart & Pizza Hut.

+ New 2022 construction, providing significant tax depreciation benefits.

+ Surrounded by important social infrastructure including 9 schools and tertiary education facilities servicing 6,000+ full-time students.**

+ Pristine 89 sqm* premises with dual retail frontage and exposure to Racecourse Road, servicing 14,100 vehicles daily.**

+ Single tenant, minimum management investment

+ Pakenham: Melbourne’s major eastern growth corridor, population estimated to increase 59.9% by 2041.***

+ Net Income: $40,324 pa + GST. (as at April 2023)

To be sold by Investment Portfolio Auction

10:30am Wednesday 29 March 2023

Crown Casino, Melbourne

*approx

**gap maps

*** forecast id

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3. Property Location

Shop 11/1 Hunt Way, PAKENHAM, VIC, 3810

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4. Due Diligence

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  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Shop 11/1 Hunt Way, PAKENHAM, VIC, 3810 Pakenham
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