6/2 Stadium Circuit Mulgrave VIC 3170

A superior asset for investors seeking not just a stable, premium tenant, but also one who continues to operate while others may not. Set among several established neighbours including The last Piece' café/restaurant, Goodlife gym and Hawthorn Football Club, this a recognisable location with trophy status. The tenant has just renewed their lease for 5 years commencing January 2021 showing great confidence in their future.

They have continued to trade and pay 100% of rent and outgoings throughout the COVID 19 period. With a clear vison around a commitment to their business and lease this investment is a low maintenance and also long term.

Key points:
• 13.6m* wide shop frontage
• 127m2 approximate floor area
• Current rent $46,794.24 per annum plus GST and outgoings
• 4% annual increases
• Option exercised 18/01/2021 - 17/01/2026
• 2 Car spaces on title

Year on year net rental:
• From 18/01/2020: $46,794
• From 18/01/2021: $48,666
• From 18/01/2022: $50,612
• From 18/01/2023: $52,637
• From 18/01/2024: $54,742
• From 18/01/2025: $56,932

Auction will be held online at 1pm Friday 21 st August. Interested parties are required to register with the agent. Only registered bidders can attend our Auctions. Please call or email today to register your interest.

Interested parties are required to register with the agent. Only registered bidders can attend our Auctions.

The team is available and can accommodate COVID safe inspections by appointment. Please contact us for more information and scheduling.

Photo ID required at all open for inspections.