Watch Watch
Back
×
Sold Check
+11 Photos
Shop B1/223 Bridge Road, Cobblebank, VIC, 3338

2. Property Highlights

Brand New 10 Year Lease to 2033 | Statewide Laundromat Chain
  • New 10 year Lease to April 2033
  • Fixed Compounding 3% Rent Increases
  • Operator Chain with 24 VIC Locations

Burgess Rawson is delighted to offer to the market the Blue Hippo Laundry investment at Shop B1, 223 Bridge Road, Cobblebank VIC for sale via Investment Portfolio Auction 162

The Property has the following investment highlights:

+ Long 10 year net lease to April 2033 plus options to 2043

+ Landlord preferred, net lease terms with tenants paying all usual outgoings

+ Fixed compounding 3% annual increases

+ Blue Hippo Laundry: Established in 1999 with 24 locations across Victoria

+ Prime 51 sqm* retail shop and brand new construction providing tax saving depreciation benefits

+ Single tenant, minimum management investment

+ Strategically position within the Atherstone Estate (4,500 lots*)

+ Position perfect: central to Coles, Cobblebank Railway Station, Statullah Primary School, Aspire Childcare Centres, Cobblebank Stadium and the Atherstone Athletics Centre

+ Future $900M Melton Hospital: 600 metres* from the subject property, 274+ beds, 24 hour emergency department and will create more than 700 - 1,700 direct and indirect jobs during construction

+ City of Melton: population anticipate to surge to over 416,000 by 2051, a 98% increase

+ Net income: $34,986 pa* + GST

To be sold by Investment Portfolio 162 Auction

10:30am AEST Wednesday 2nd August 2023

Crown Casino, Melbourne.

SHAUN VENABLES

0411 860 865

svenables@burgessrawson.com.au

LIMING QIAO

0447 288 323

lqiao@burgessrawson.com.au

DAVID NAPOLEONE

0417 308 067

dnapoleone@burgessrawson.com.au

ROMANOR FALCONER

0413 830 808

rfalconer@burgessrawson.com.au

*approx.

Remember to mention you found this property on CommercialReady

Read More

3. Property Location

Shop B1/223 Bridge Road, Cobblebank, VIC, 3338

Property Map

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into CommercialReady to allow access

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
calculator-icon Yield Calculator
calcultor-icon Yield Calculator