Valuable 6 Year Net Lease to 2028
Fixed 3% Annual Rent Increases
Only 50% stamp duty payable
Burgess Rawson & Wilson Property are pleased to offer to the market, Daniels Donuts in Warragul on a 6-year lease for sale in Burgess Rawson's Portfolio Auction Investment on the 7th of December 2022.
The property has the following investment highlights:
+ 6 year lease to 2028 plus further options to 2036.
+ Daniels Donuts: leading food operator with 28 locations across Victoria.
+ Investor preferred net lease terms with the tenant responsible for all outgoings as per the lease.
+ Pristine retail premises with a recent capital-intensive fit-out to the latest corporate tenant design.
+ Strategically located in heart of Warragul CBD, situated between Harvey Norman and Priceline, directly opposite McDonald's and adjoining a Woolworths Supermarket with 200+ at grade public car spaces.
+ Prominent frontage to Victoria Street and exposure to an average of 5,300* vehicles daily.***
+ Commercial 1 Zone (C1Z), in Warragul's strongest commercial hub providing significant future development potential.
+ Household spending per capita on retail services in Warragul is 2.66% greater than the Victorian average***
+ Supported by important social infrastructure including 9 schools, servicing over 3,700 full-time students within a 2km radius***
+ Warragul: booming suburb, with the population forecasted to grow 61% by 2041 and a median house price of $610,000, up 63% in the last 5 years.**
+ Net Income: $35,000 pa* + GST (tenant pays all outgoings)
To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 7th December 2022
Crown Casino, Melbourne
*approx.
** forecast id.
*** gap maps
