Burgess Rawson is pleased to offer to the market UBX Boxing + Strength at 5/166 Whitehorse Road, Blackburn VIC for sale via Investment Portfolio Auction 157.
The property has the following investment highlights:
+New 10-year lease to September 2032 plus options to 2042.
+UBX: rapidly expanding boxing and strength club with over 90 locations across the globe.
+Landlord favourable net lease terms with tenant paying all usual outgoings.
+Annual fixed rent increases, assuring rental growth.
+6-month security deposit.
+Immaculate 175sqm* premises with brand-new high-quality tenant fitout.
+2 secure underground car parks on-title.
+Brand new construction offering significant potential depreciation benefits.
+Perfectly positioned within Pace's Blackburn development, incorporating 289 apartments, and complimented by a plethora of leading retailers Foodworks Supermarket, Jellis Craig, Daiku Japanese, The Studio Beans, Talon's Nail Salon and more, 2km from the Eastern Freeway.
+Pace of Blackburn, delivered by Pace Development Group who have delivered more than 100 projects across Melbourne.
+Whitehorse Road: major eastern suburbs arterial with an average of 37,000 vehicles passing daily.**
+Surrounded by important social infrastructure including 9 schools servicing over 8,000 full-time students within a 2.5km radius.**
+Positioned less than 2km from the Eastern Freeway, a major arterial. *
+Blackburn: median house price growth of 13.9% since January 2021.***
+Blackburn: established Metro Melbourne suburb, population forecast to grow 25% by 2031.****
+Net Income: $65,625 pa* + GST
To be sold via Investment Portfolio Auction:
10:30am (AEDT) Wednesday 7 December 2022
Crown Casino River Room
*Approx
**Gap Maps
******
****Urbis
