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 7 December 2022.
The property has the following investment highlights:
+6 year lease to 2028 plus further options to 2036.
+Daniel's 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.
+Fixed 3% annual rent increases, assuring rental growth.
+Pristine retail premises with a recent capital-intensive fit-out to the latest corporate tenant design.
+Strategically located in heart of the 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 location 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
Burgess Rawson Agents
Justin Kramersh 0460 349 605
Zomart He 0488 220 830
James Bergman 0428 419 453
Wilson Property RCI - Traralgon Agents
Ben Wilson 0412 525 542
Melissa Van Berkel 0477 013 850
