2/121 Grices Road Clyde North VIC 3978

Burgess Rawson is pleased to offer to the market, RK Hair & Beauty, Clyde North VIC for sale via our Auction Investment Portfolio 159.

The property has the following investment highlights:

+ New 7 year net lease to 2030 plus two further options to 2040.
+ RK Hair & Beauty: est. 2000, established and successful hair & beauty business in brand new premises.
+ Attractive 4% fixed rental increases ensuring rental growth.
+ Landlord favourable lease terms with tenant paying all usual outgoings as per the lease.
+ Immaculate 89sqm* premises with brand new AAA fit-out
+ Prominent and direct frontage to an 89-space public car park.
+ New (October 2022) construction, providing significant tax depreciation benefits.
+ Single tenant minimum management investment.
+ Expanding residential precinct and supported by complementary users including supermarket, gym, swim school and restaurant/take away.
+ Surrounded by important social infrastructure including 9 schools servicing over 7,500 full-time students within a 3km radius***
+ Clyde North: Melbourne's major southern growth corridor with the population forecast to increase 130.21% by 2041.**
+ Net Income: $53,400* pa + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 29th March 2023
Crown Casino, Melbourne

*Approx.
**Forecast.id
*** gap maps