Burgess Rawson is pleased to offer to market 'Oporto' located at 99-101 Lygon Street, Carlton VIC, for sale via Auction Investment Portfolio 165.
The property has the following key investment highlights:
+ Ten (10) year net lease to Oporto to 2033.
+ Four (4) further 5-year options to 2053.
+ Oporto: National fast-food operator, part of Craveable Brands operating 580+ restaurants including Oporto, Red Rooster & Chicken Treat, owned by Private Equity giant, PAG Asia Capital.
+ Investor preferred net lease terms, with the tenant responsible for all usual outgoings as per the lease (excluding land tax).
+ Fixed 3% annual rent increases, ensuring compounding income growth.
+ Prime 267sqm* refurbished retail building positioned within Melbourne's sought-after University & Hospital Precinct 94,000+ residential dwellings and home to more than 300,000 university students.***
+ Located within one of Australia's top-ranked pockets for meal delivery services, with 40% of residents using services such as UberEATS, Menulog & Deliveroo to order food.**
+ Positioned to benefit from well publicised international student influx, expected to reach record levels in 2023/2024.
+ Fast Food Investments: Proven 'set and forget' asset class, with an astonishing 15.9 million Australians recorded eating takeaway food during a four-week period.**
+ Surrounded by new development projects with $1 billion worth of new infrastructure being built in the Carlton Precinct, ensuring further activity and growth.
+ Carlton: diverse and vibrant inner metropolitan Melbourne pocket and home to the famous Lygon Street precinct, the birthplace of Melbourne's world-famous café culture.
+ Net Income: $140,000* pa + GST and Outgoings
For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 6 December 2023
Crown Casino, Melbourne
*Approx.
** Roy Morgan Research
*** City of Melbourne
