10/121S Grices Road Clyde North VIC 3978

Shop & Retail
471 m²
Sold

New 15 Year Lease to State-Of-The-Art Swim Facility

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

AUCTION

Auction date and time	26/10/2022 10:30
Auction location	Crown Casino - River Room - Melbourne

Burgess Rawson VIC Pty Ltd

Level 20, 150 Lonsdale Street

Melbourne, VIC 3000

Property Highlights

Date Sold	28 Oct 2022
Floor Area	471 m²
Land Area	471 m²
Parking	Ask Agent
Property ID	2018096665
Category	Shop & Retail Showrooms / Bulky Goods
Last updated	28 Oct 2022

Map for 10/121S Grices Road Clyde North VIC 3978

Nearest transport* to 10/121S Grices Road Clyde North VIC 3978

Bus

Train

Tram

Ferry

Kirrabilli Pde/Grices Rd (Berwick)	80 m
Bonnington Bvd/Grices Rd (Clyde North)	101 m
Macumba Dr/Grices Rd (Clyde North)	331 m
Leisurewood Dr/Grices Rd (Berwick)	463 m

*Within a 4km radius

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Burgess Rawson VIC Pty Ltd

Level 20, 150 Lonsdale Street

Melbourne, VIC 3000

Property Highlights

Date Sold	28 Oct 2022
Floor Area	471 m²
Land Area	471 m²
Parking	Ask Agent
Property ID	2018096665
Category	Shop & Retail Showrooms / Bulky Goods
Last updated	28 Oct 2022

Co-Agents

Justin Kramersh

Burgess Rawson VIC Pty Ltd

Call

0460 349 605

Zomart He

Burgess Rawson VIC Pty Ltd

Call

0488 220 830

More about 10/121S Grices Road Clyde North VIC 3978

10/121s Grices Road Clyde North VIC 3978 is categorized as Shop & Retail Property. It has a floor area of 471 m² and a land area of 471 m². The listing ID for this property is 2018096665.