Burgess Rawson are pleased to offer to the market the Bendigo Bank at 65 Centreway Mount Waverley VIC for sale via Investment Auction Portfolio 167.
The property has the following investment highlights:
+ Renewed 5-year lease to 2027 plus option to 2032
+ Pinewood Community Bank: Well-known and established community bank trading from this site for over 20 years with over 1,000 local customers**
+ Branch of Bendigo & Adelaide Bank: Top 100 ASX listed financial institution (ASX:BEN) with a $5.52 billion market cap*** and over 500 branches across Australia****
+ Fixed 4% compounding annual rent increases, ensuring strong and certain growth
+ Investor preferred, net lease terms with tenant paying all usual outgoings excluding land tax
+ Premier freehold title, within the Pinewood Shopping Village among over 70 other retailers including Coles Supermarket, Subway, Australia Post, Tasman Butchers, Priceline Pharmacy
+ Within 300 metres* of the Monash Freeway, a major commuter road connecting Melbourne CBD with South East growth corridors
+ Surrounded by important social infrastructure including Monash University, Holmesglen Institute and 21 schools within 3km* servicing over 11,300 full time students*****
+ Mount Waverley: Affluent eastern suburb of Melbourne, seeing a 24.3% increase in median house price to $1,615,500 since February 2021******
+ City of Monash: One of Melbourne's largest LGA's, population growth forecast to increase by 19.6% to 250,219 by 2041*******
+ Net Income: $78,470pa* + GST
To be sold via Investment Portfolio Auction 167
10:30am (AEDT) Wednesday 27 March 2024
River Room, Crown Casino, Melbourne
Bidder registration required, register here.
Please contact the exclusively appointed sales team for more information
*Approx
**Pinewood Community Bank - 2023 Annual Report
***ASX
****Bendigo & Adelaide Bank
*****GapMaps
*********
*******Forecast.id
