Burgess Rawson are pleased to offer the RETURN-IT freehold investment located at 4-8 Donald Avenue, Frankston VIC for sale via Expressions of Interest closing 3pm Thursday 4 July 2024.
Investment highlights include:
+ New Three (3) year lease to through to 2026 plus one (1) further option through to 2028.
+ RETURN-IT: wholly owned subsidiary of Re.Group, offering recycling services for 4+ million people across 35 LGA's. (1)
+ Container Deposit Scheme (CDS VIC): A Victorian Government initiative with a $515 million investment set to improve the Victorian waste and recycling sector, aiming to divert 80% of all materials away from landfill by 2030. (2)
+ Minimal management investment, investor friendly net lease, with tenant paying all usual outgoings including single holding land tax.
+ Strong and certain income growth with fixed annual, compounding 3% increases.
+ Recent capital intensive fit-out carried out by the tenant including purpose building sorting machines, all to the tenant's latest corporate design and layout.
+ High Profile 661 sqm* landholding providing 19.2 metres* of frontage and exposure to Donald Avenue.
+ Strategic location within the premium automotive and large format retail showroom precinct which includes Ford, Toyota, Kia, Hyundai, Nissan, Subaru, Mitsubishi plus many more.
+ Within 400m* Frankston Freeway and Frankston-Dandenong Road on and off ramps, seeing a combined 84,000 vehicles passing daily. (3)
+ Frankston: Major commercial, retail, education and transport hub servicing the Mornington Peninsula, with a growing population forecast to increase 40% by 2041. (4)
+ Frankston is the gateway to the Mornington Peninsula: Tourism up 55% year-on-year with total domestic tourists reaching 8.23 million people. (5)
+ Net Income: $97,850 pa* + GST.
Expressions of Interest
Closing 3pm (AEST) Thursday 4 July 2024
For further information please contact the agents directly
Available for individual sale or in one line:
126 Dandenong Road West TJM 4x4
+ New Ten (10) year lease to 2033 plus options 2038.
+ Tenant pays all outgoings including Land Tax.
+ Net Income: $297,800 pa* + GST.
*Approximately
(1) Re.Group
(2) CDS Victoria
(3) GapMaps
(4) Forecast.id
(5) Mornington Peninsula Shire
