111 Lower Plenty Road Rosanna VIC 3084

Burgess Rawson are pleased to offer to market Bakers Delight, 111 Lower Plenty Road, Rosanna (Melbourne) VIC for sale via our National Investment Portfolio Auction 169.

This investment has the following key highlights:

+ Proven store, with Bakers Delight trading on-site circa 40 years.
+ Recent 2021 tenant funded store upgrades to latest Bakers Delight corporate standard.
+ Renewed Five (5) year lease through to 2025 plus options to 2035 to longstanding tenant.
+ Bakers Delight: multi-national bakery with 700+ locations.
+ Investor preferred net lease terms, with tenant paying all usual outgoings as per lease.
+ Low rent per/sqm providing opportunity for future rental uplift.
+ Guaranteed growth, with fixed 3% rent increases.
+ Well-presented 154sqm* bakery with important rear access.
+ ROW at rear of site provides critical loading access for both trucks and vans.
+ High profile 162sqm* freehold Commercial 1 Zone (C1Z) site on main retail strip.
+ Prominent position on busy Lower Plenty Road with 17,400 vehicles passing daily. (1)
+ Situated amongst IGA supermarket, Australia Post, Chemist Warehouse and Rosanna train station.
+ Easily accessible for customers with on-street parking at front and 140+ car parks at rear.
+ Rosanna: booming metro suburb only 12km* from CBD, population forecast to grow 41% by 2046. (2)
+ Net Income: $36,853 pa* + GST (as at July 2024)

For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 26 June 2024
Level 2, Conference Hall, Crown Promenade, Melbourne

*Approx
1. GapMaps
2. .id