Burgess Rawson is delighted to offer to the market A-One Barber at 12 Adakite Drive, Berwick VIC for sale via Investment Portfolio Auction 173.

The property has the following investment highlights:

+ Long Seven (7) year lease to June 2031 plus an option to 2036.
+ A-One Barber: Established barbershop with two locations and 5-star Google reviews.
+ Immaculate recently completed quality tenant fit-out.
+ Prominent 63sqm* premises located in a high-profile location neighbouring IGA Supermarket and supported by Direct Chemist Outlet, Dental Clinic, Medical Centre, Childcare Centre and more.
+ Landlord-favourable net lease terms with tenants paying usual outgoings.
+ Fixed, compounding annual 3% rent increases ensuring rental growth.
+ Lease secured by 6 month Bank Guarantee plus personal guarantees to the performance of the lease.
+ Single-tenant investment with minimal management required.
+ Strategically positioned within the Alira Village Town Centre, neighbouring the rapidly growing Alira Berwick and Northern Wetlands residential estates.
+ New construction providing maximum tax saving depreciation benefits.
+ City of Casey, Melbourne’s major south-east growth LGA, with population forecast to increase 48% to 614,075 by 2046.**
+ Net Income: $40,573 pa* + GST (land tax $500)

To be sold via Investment Portfolio Auction 173
10:30am AEDT 11 December 2024
River Room, Crown Casino, Melbourne

SHAUN VENABLES
0411 860 865
svenables@burgessrawson.com.au

DAVID NAPOLEONE
0417 308 067
dnapoleone@burgessrawson.com.au