Burgess Rawson is pleased to offer to the market, Burger Playa, Clyde North VIC for sale via our Auction Investment Portfolio 158.

The property has the following investment highlights:

+New 10-year net lease to October 2032 plus options to 2042.
+Burger Playa: experienced operators with 15+ years in the hospitality industry.
+Landlord favourable net lease terms with the tenant paying all usual outgoings as per the lease agreement.
+Single tenant minimum management investment.
+Rare annual fixed 4% rental increases ensuring future growth.
+Immaculately presented 89sqm* corner premises with capital intensive tenant fit out.
+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: $60,600 pa* plus GST

To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 22nd February 2023
Crown Casino, Melbourne