High Profile Fast Food with Drive Thru - 10 Year Net lease - Fixed Rent Increases

Description

+ Long Ten (10) year lease to 2029 plus options to 2039.
+ Burger Edge: established fast food chain restaurant with locations across VIC, NSW & WA.
+ Generous 3% fixed annual rent increases allowing for growth.
+ Investor preferred net lease terms with tenant paying all usual outgoings as per lease.
+ As new 119sqm restaurant constructed in 2018 including drive thru – Significant depreciation benefits on offer.
+ Prominent corner site with triple frontage and exposure
+ Positioned in key commercial complex with 15 complimentary retailers including Shell/Viva, Cellarbrations and Dental One.
+ Wollert: within Melbourne’s fast growing northern growth corridor with estimated 52% population growth by 2041.
+ Net Income: $116,699 pa + GST

Auction Wednesday 23 June
River Room, Crown Casino, Melbourne
Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane

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Contact agents
Shaun Venables Partner
0411 860 865
Beau Coulter Partner
0413 839 898
Zomart He Partner
0488 220 830
Enquiry Form

Wollert, VIC

2/ 220 Epping Road

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 145

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