10 Adakite Drive Berwick VIC 3806

Burgess Rawson is delighted to offer to the market 'Restaurant Joya' at 10 Adakite Drive, Berwick VIC for sale via Investment Portfolio Auction 176.

The property has the following key investment highlights:

+ Long Ten (10) Year lease to June 2034 plus One (1) further Five (5) Year option to 2039.
+ Joya: Modern middle eastern restaurant trading breakfast, lunch & dinner, offering dine-in, take away and delivery services
+ Immaculately presented, modern AAA tenant fit-out.
+ Well-presented 114sqm* high exposure premises with expansive 19.5m* shop front supported by IGA Supermarket, Direct Chemist Outlet, Dental Clinic, Medical Centre, Childcare Centre and more.
+ Landlord-favourable net lease terms with tenants paying usual outgoings.
+ Fixed, compounding annual 3% rent increases ensuring income growth.
+ Lease secured by 6 month Bank Guarantee plus personal guarantee to the performance of the lease.
+ Single-tenant investment with minimal management required.
+ Strategically positioned within the Alira Village Town Centre, neighbouring the rapidly growing Alira Berwick and Northern Wetlands residential estates.
+ New construction providing maximum tax saving depreciation benefits.
+ City of Casey, Melbourne's major south-east growth LGA, with population forecast to increase 48% to 614,075 by 2046.**
+ Net Income: $81,425 pa* + GST (June 2025)

To be sold via Investment Portfolio Auction 176
10:30am AEST 14 May 2024
Garden Room, Crown Casino, Melbourne

SHAUN VENABLES
0411 860 865
svenables@burgessrawson.com.au

DAVID NAPOLEONE
0417 308 067
dnapoleone@burgessrawson.com.au

*Approx
**ProfileID