Burgess Rawson are delighted to present to the market the Sure Real Estate Agency for sale by Investment Portfolio Auction 164.

This investment has the following highlights:

+ New 7 year lease to May 2030 plus options to 2040.
+ Landlord preferred, net lease terms with tenants paying all usual outgoings.
+ Rare, fixed 4% annual rent increases.
+ Sure Real Estate: New and exciting real estate agency supporting Pakenham’s growth corridor – including the new East Precinct delivering 7,200 homes.** (under development)
+ Immaculate 93sqm* corner premises with dual access and a high-end tenant fit-out.
+ Recent build providing significant tax saving depreciation benefits.
+ Single tenant minimum management investment.
+ Conveniently situated in an expanding residential precinct amongst supporting retailers including Pizza Hut, Bottlemart, Snap Fitness and more.
+ Surrounded by important social infrastructure including 9 schools and tertiary education facilities servicing 6,000+ full-time students.***
+ Pakenham: Melbourne’s major eastern growth corridor, population estimated to increase 59.9% by 2041.**
+ Net income: $44,650 pa* + GST.

*Approx
**Urban Developer
***GapMaps

To be sold via Investment Portfolio Auction 164
10:30am (AEDT) Wednesday 25 October 2023
Crown Metropol – Melbourne