Burgess Rawson is pleased to offer to the market, Burgertory Mentone for sale via our Auction Investment Portfolio 156.
The property has the following investment highlights:
+Brand new 10-year lease to June 2032 plus options to 2042.
+Burgertory: Proven and reputable fast-food operator with 16 locations across Melbourne and an aggressive future growth plan.
+Investor preferred net lease terms with the tenant responsible for all outgoings as per the lease.
+Immaculately presented retail premises with significant capital intensive fit-out to the latest corporate tenant design.
+Recent construction providing significant depreciation tax benefits
+Prominent frontage and exposure to the Nepean Highway and Warrigal Road intersection with an average of 69,400* vehicles passing daily.
+Household spending per capita on retail services in Mentone is 23% greater than the Victorian average.
+Supported by important social infrastructure including 16 schools, servicing over 11,700 full-time students within a 2.5km radius*
+Residential building approvals in the City of Kingston have grown by 10.4% between FY21 and FY22.****
+Strong trade catchment with a total population of 61,000* within a 3km radius of 1 Balcombe Road*****
+Mentone: booming bayside suburb, 21km from the Melbourne CBD. Median house price $1,470,000, up 17.4% in the last 12 months and a population growth forecast of 23%+ by 2041.***
+Net Income: $51,000 pa* plus GST
To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 26th October 2022
Crown Casino, Melbourne
*Approx
**Gap Maps
***Forecast.id
****Profile.id
*****ABS
