Burgess Rawson is delighted to offer to market The Wheels Cafe at 14 Adakite Drive, Berwick VIC for sale via Investment Portfolio Auction 173.
The property has the following investment highlights:
+ Long Ten (10) year lease to July 2034 plus options to 2044.
+ The Wheels Cafe: A modern cafe open 7 days a week, with 5-star Google reviews, offering dine-in, takeaway, and catering services.
+ Immaculate recently completed quality tenant fit-out.
+ Dual-fronted 49sqm* retail premises situated in a high-profile location neighbouring IGA Supermarket, Direct Chemist Outlet, Bluebird Early Education, Medical, Dental and more.
+ Landlord-favorable lease terms with tenant paying usual outgoings.
+ Fixed, compounding annual 4% rent increases ensuring rental growth.
+ Lease includes 6 month Bank Guarantee plus Personal Guarantees.
+ Single tenant, minimum management investment.
+ 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.
+ Position perfect: central to Berwick Station and Heritage College.
+ 45 communal lined car spaces on site.
+ Residential community of approximately 924 homes.
+ City of Casey, Melbourne's major south-east growth LGA, with population forecast to increase 48% to 614,075 by 2046.**
+ Net Income: $33,675 pa* + GST.
To be sold via Investment Portfolio Auction 173
10:30am AEDT 11 December 2024
River Room, Crown Casino, Melbourne
SHAUN VENABLES
0411 860 865
svenables@burgessrawson.com.au
DAVID NAPOLEONE
0417 308 067
dnapoleone@burgessrawson.com.au
*approx
**forecast.id
