Burgess Rawson are pleased to present to market the Pizza Studio at 1/145 Gateway Boulevard, Epping VIC for sale via Investment Portfolio Auction 169.
The key investment highlights:
+ New Seven (7) year lease to January 2031 plus options to 2041.
+ The Pizza Studio: Licensed pizza restaurant with dine in, takeaway and delivery options.
+ Immaculate corner premises with AAA tenant fit-out and licensed alfresco area.
+ Fixed, compounding 3.5% annual rent increases.
+ Tenant pays usual outgoings as per the lease.
+ 6 month security deposit.
+ Supported by a plethora of complementary retailers including, KFC, Carls Jr, Ampol, Superior Healthcare and more.
+ Situated within Epping's core industrial and logistics precinct, nearby MAB's $140 million Business Park and O'Herns $200 million Logistics Park.
+ Neighbouring Lendlease's proposed Aurora South Town Centre, featuring a supermarket and supporting retail offerings.
+ Less than 2.2km* from the Pacific Epping Shopping Centre, a triple supermarket and DDS shopping centre anchored by Coles, Woolworths, ALDI, Big W, Best & Less, Kmart, Harris Scarfe and JB Hi-Fi home to over 299 total stores and 4741 parking spaces. (2)
+ Epping: Metro Melbourne growth suburb (18km* from Melbourne CBD), with population forecast to grow 45% by 2041. (3)
+ Geographical significance of the suburb evident through ongoing public and privately funded development projects Riverlee's $2 billion New Epping is one of Australia's largest renewal projects and will deliver over 2,000 new homes and 110,000sqm of new commercial space. (4)
+ City of Whittlesea: 4th largest LGA in Victoria, with a population forecast to grow 48%* to over 360,000 by 2041. (5)
+ The City of Whittlesea generates a GRP of $11.35 billion with an estimated 81,940 jobs in the LGA. (3)
+ Thriving freight and logistics precinct on the corner of the Hume Freeway and O'Herns Road, two major commercial road links servicing 88,400 vehicles passing per day. (6)
+ Income: $54,600 pa* + GST.
To be sold by Investment Portfolio Auction
10:30am (AEST) Wednesday 26 June 2024
Conference Hall, Melbourne
*Approx
(1) Sydney Morning Herald
(2) QICRE
(3) Forecast.id
(4) Riverlee
(5) RemPlan
(6) GapMaps
