Burgess Rawson and Vinci Carbone is pleased to offer to the market, 392 Sydney Road, Brunswick VIC for sale via our Auction Investment Portfolio 156.
The property has the following investment highlights:
+ Secure 10-year net lease to 2027 plus options to 2037.
+ Ray White: Nationally recognized franchise with over 1000 offices spanning 11 countries.**
+ Strong and certain rental growth with fixed annual, compounding 3% increases.
+ Landlord-favourable, net lease terms with tenant responsible for all usual outgoings except Land Tax.
+ Impressive, recently renovated, 338sqm* part 2-level building with tenant funded capital intensive fit-out.
+ 11 at grade car park spaces.
+ Substantial 591sqm* corner site with future development upside (STCA).
+ Highly desirable Commercial 1 Zoning (C1Z).
+ An abundance of major residential/mixed use developments are under construction and in planning in the immediate vicinity.
+ Extensive frontage and exposure to Sydney Road and Albert Street, two main arterial roads servicing over 19,000 vehicles per day.***
+ Position perfect, within 250m* of Bunnings, Woolworths and ALDI.
+ Surrounded by important social infrastructure, with 5 tram routes within 1.5km plus Brunswick Train Station (300m).
+ Prestigious metro-Melbourne location, with median house prices up 11.7% to $1,370,000 from Sept 2021-2022.****
+ Brunswick: high density city fringe capital growth suburb, just 3.5km* from Melbourne CBD.
+ The City of Moreland: population forecast to grow 23% to 232,177 residents by 2036.*****
+ Net Income: $109,216 pa* plus GST
To be sold by Investment Portfolio Auction:
10:30am AEDT Wednesday 26 October 2022
Crown Casino, Melbourne
Please contact any of the below agents for more information.
Burgess Rawson Melbourne
Jamie Perlinger 0413 860 315
Rick Jacobson 0413 830 083
Raoul Holderhead 0413 860 304
Vinci Carbone
Frank Vinci 0418 375 375
Joseph Carbone 0418 351 316
Zach Molinaro 0488 300 575
*Approximately
** Ray White
*** Gapmaps
*******
*****Moreland Council Plan 2021-25
