Burgess Rawson is pleased to offer to the market Duncans Dingley Cellars, 8 Pauline Avenue, Dingley Village VIC for sale via our Investment Portfolio Auction 168.
This investment has the following key highlights:
+ Brand new Ten (10) year net lease to Duncans to 2034.
+ Two (2) further 5 year options to 2044.
+ Duncans Dingley Cellars: leading liquor retailer established in 1994, with a network of 20 stores across Victoria and Tasmania.(1)
+ Fixed 3% annual rent increases, ensuring income growth.
+ Investor preferred net lease terms with tenant responsible for all usual outgoings as per the lease.
+ Well-maintained liquor retail building with capital intensive upgrades currently in progress.
+ Prime 186sqm* metropolitan Melbourne landholding within 100m* from the Woolworths-anchored Dingley Village Shopping Centre.
+ High profile location with exposure to 10,700 passing vehicles daily via Centre Dandenong Road.
+ Long established business on-site 37+ years.
+ City of Kingston: fast-growing municipality, population forecast to surge 17.81% to 195,819 by 2041.(2)
+ Net Income: $58,655 pa* + GST.
For Sale by Investment Portfolio Auction
10:30am AEST Tuesday 14 May 2024
River Room, Crown Casino, Melbourne
* Approx
(1) Duncans
(2) Forecast.id
