1/121 Grices Road Clyde North VIC 3978

Burgess Rawson is pleased to offer to the market, Burger Playa, Clyde North VIC for sale via our Auction Investment Portfolio 158.

The property has the following investment highlights:

+New 10-year net lease to October 2032 plus options to 2042.
+Burger Playa: experienced operators with 15+ years in the hospitality industry.
+Landlord favourable net lease terms with the tenant paying all usual outgoings as per the lease agreement.
+Single tenant minimum management investment.
+Rare annual fixed 4% rental increases ensuring future growth.
+Immaculately presented 89sqm* corner premises with capital intensive tenant fit out.
+Prominent and direct frontage to an 89-space public car park.
+Brand new construction providing maximum tax depreciation benefits.
+Surrounded by important social infrastructure including 9 schools with over 7,500 full-time students.**
+Expanding residential precinct amongst retailers including liquor, childcare, supermarket and fast-food operators.
+Clyde North: Melbourne's major southern growth corridor with the population forecast to increase 130.21% by 2041.***
+Net Income: $60,600 pa* plus GST

To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 22nd February 2023
Crown Casino, Melbourne