36 Adakite Drive Berwick VIC 3806

Burgess Rawson is delighted to offer to the market the 'IGA Supermarket Plus Liquor' at 36 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 October 2033 plus Two (2) further Five (5) Year options to 2043.
+ IGA Plus Liquor: national supermarket brand with over 1,400 stores across Australia**
+ Immaculate estate, recently completed AAA tenant fit-out.
+ Well-presented modern 1,000 sqm* supermarket with usual departments including Liquor.
+ Supported by Direct Chemist, childcare centre, dental clinic, medical centre and complementary retail.
+ Landlord-favourable net lease terms with tenant paying usual outgoings.
+ Fixed, compounding annual 3% rent increases ensuring rental 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: $197,131 pa* + GST

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

ZOMART HE
0488 220 830
zhe@burgessrawson.com.au

*Approx
**iga.com.au
***ProfileID