130-131 Station Street Aspendale VIC 3195

Burgess Rawson are pleased to present to market the FoodWorks at 130-131 Station Street, Aspendale VIC for sale via Investment Portfolio Auction 171.

This property has the following investment highlights:

+ 5 year lease to June 2027 with two further 5 year options to 2037.
+ Foodworks: Australia's second largest independent supermarket chain with $1.35 billion** in annual sales.
+ Longstanding and successful supermarket + liquor, on site for over 40 years.
+ Landlord friendly net lease terms with the tenant paying all outgoings excluding land tax.
+ Favourable annual CPI rent reviews.
+ Premium Commercial 1 Zoning located metres from Aspendale Beach and Aspendale Train Station.
+ Modern 390sqm* supermarket plus liquor with rear loading and ample council car spaces.
+ 'Calculated' location, with nearest bottleshop over 2km* away.
+ High exposure location with over 17,000 vehicles passing daily via Station street and located on the home bound side of Station Street.
+ Aspendale: affluent beach-side suburb, median house price of $1.35 million.***
+ Net Income: $116,192 pa* + GST.

To be sold via Investment Portfolio Auction 171
10:30am AEST, Wednesday 18 September 2024
Crown Casino, River Rooms, Melbourne

*Approx
**FoodWorks
*** ***
****GapMaps