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Shop B1/223 Bridge Road
Cobblebank VIC 3338
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Sold on 4 Aug 2023

Shop B1/223 Bridge Road Cobblebank VIC 3338

  • Shop & Retail
  • 51 m²
  • Sold

Brand New 10 Year Lease to 2033 | Statewide Laundromat Chain

    Burgess Rawson is delighted to offer to the market the Blue Hippo Laundry investment at Shop B1, 223 Bridge Road, Cobblebank VIC for sale via Investment Portfolio Auction 162

    The Property has the following investment highlights:

    + Long 10 year net lease to April 2033 plus options to 2043
    + Landlord preferred, net lease terms with tenants paying all usual outgoings
    + Fixed compounding 3% annual increases
    + Blue Hippo Laundry: Established in 1999 with 24 locations across Victoria
    + Prime 51 sqm* retail shop and brand new construction providing tax saving depreciation benefits
    + Single tenant, minimum management investment
    + Strategically position within the Atherstone Estate (4,500 lots*)
    + Position perfect: central to Coles, Cobblebank Railway Station, Statullah Primary School, Aspire Childcare Centres, Cobblebank Stadium and the Atherstone Athletics Centre
    + Future $900M Melton Hospital: 600 metres* from the subject property, 274+ beds, 24 hour emergency department and will create more than 700 - 1,700 direct and indirect jobs during construction
    + City of Melton: population anticipate to surge to over 416,000 by 2051, a 98% increase
    + Net income: $34,986 pa* + GST

    To be sold by Investment Portfolio 162 Auction
    10:30am AEST Wednesday 2nd August 2023
    Crown Casino, Melbourne.

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

    LIMING QIAO
    0447 288 323
    lqiao@burgessrawson.com.au

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

    ROMANOR FALCONER
    0413 830 808
    rfalconer@burgessrawson.com.au
    *approx.

    AUCTION

    Auction date and time02/08/2023 10:30
    Auction locationCrown Casino - River Room - Melbourne

    Property Highlights

    Date Sold4 Aug 2023
    Floor Area51 m²
    Land Area51 m²
    ParkingAsk Agent
    Property ID2018628741
    Category
    Last updated  3 Aug 2023
    Map for Shop B1/223 Bridge Road Cobblebank VIC 3338

    Property Highlights

    Date Sold4 Aug 2023
    Floor Area51 m²
    Land Area51 m²
    ParkingAsk Agent
    Property ID2018628741
    Category
    Last updated  3 Aug 2023

    Co-Agents

    Shaun Venables
    Burgess Rawson VIC Pty Ltd
    Call
    0411 860 865
    Liming Qiao
    Burgess Rawson VIC Pty Ltd
    Call
    0447 288 323

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