10/121S Grices Road Clyde North VIC 3978

Burgess Rawson is pleased to offer to the market, Splash Swim School, Clyde North VIC for sale via our Auction Investment Portfolio 156.

The property has the following investment highlights:

+ New 15-year net lease to August 2037 plus options to 2052.
+ Splash's: leading swim school provider with 30+ years' experience in the aquatic industry and operating in multiple location across Melbourne.
+ Landlord favourable net lease terms with the tenant paying all usual outgoings as per the lease agreement.
+ Single tenant minimum management investment.
+ Annual fixed 3% rental increases ensuring future growth.
+ Immaculately presented 471sqm* facility with the latest corporate tenant fit out.
+ Prominent and direct frontage to an 89-space public car park.
+ Surrounded by important social infrastructure including 9 schools with over 7,500 full-time students.**
+ Expanding residential precinct amongst retailers including liquor, childcare, Foodworks and fast-food operators.
+ Clyde North: Melbourne's major southern growth corridor with the population forecast to increase 130.21% by 2041.***
+ Net Income: $200,175 pa* plus GST

To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 26th October 2022
Crown Casino, Melbourne

*Approx.
**Gap Maps
***Forecast.id