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111 Lower Plenty Road
Rosanna VIC 3084
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Sold on 26 Jun 2024

111 Lower Plenty Road Rosanna VIC 3084

  • Shop & Retail
  • 154 m²
  • Sold

Proven Bakers Delight Store Trading On-Site Circa 40 Years

    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

    AUCTION

    Auction date and time26/06/2024 10:30
    Auction locationCrown Casino - Melbourne

    Property Highlights

    Date Sold26 Jun 2024
    Floor Area154 m²
    Land Area162 m²
    ParkingAsk Agent
    Property ID2019272231
    Category
    Last updated  27 Jun 2024
    Map for 111 Lower Plenty Road Rosanna VIC 3084

    Property Highlights

    Date Sold26 Jun 2024
    Floor Area154 m²
    Land Area162 m²
    ParkingAsk Agent
    Property ID2019272231
    Category
    Last updated  27 Jun 2024

    Co-Agents

    Beau Coulter
    Burgess Rawson VIC Pty Ltd
    Call
    0413 839 898
    Burgess Rawson VIC Pty Ltd
    Call
    0417 308 067

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