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47 Bassetts Road
Doreen VIC 3754
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Sold on 6 Dec 2023

47 Bassetts Road Doreen VIC 3754

  • Shop & Retail
  • 103 m²
  • Sold

Long 10 Year Lease to New Restaurant | Proven Operators | Fixed 3% Rent Increases

    Burgess Rawson are delighted to offer to the market the Crustic Pizza & Pasta at G3/47-49 Bassetts Road, Doreen VIC for sale via Investment Portfolio Auction 165.

    This investment has the following key highlights:

    + Long 10 year lease to December 2032 plus options to 2042.
    + Crustic Pizza & Pasta: New and exciting restaurant, ran by established and successful restaurateurs offering in mobile app-ordering, dine in, takeaway and delivery options.
    + Prime 103sqm* retail premises with indoor seating and expansive commercial kitchen.
    + Located within the 'Vantage Central' neighbourhood retail centre supported by complimentary restaurants and directly fronting 15 public car parks.
    + Tenant pays all usual outgoings, excluding land tax.
    + Strong and certain rental growth with 3% annual increases.
    + New build, providing significant tax depreciation benefits.
    + Strategic corner position, adjacent to multi- unit development, only 1.2km* from Mernda Railway Station and 450m* from Ivanhoe Grammar, Plenty Campus.
    + Direct access to Bridge Inn Road (350m*) via Bassetts Road, with 9,500 vehicles passing daily.**
    + City of Whittlesea: one of Australia's fastest growing LGA's, forecast to grow in population by 55% to 360,691 residents by 2041.***
    + Net Income: $52,530 pa* + GST.

    To be sold via Investment Portfolio Auction 165
    10:30am (AEDT) Wednesday 6 December 2023
    Crown Casino, River Rooms Melbourne

    *Approx
    **GapMaps
    ***forecast.id

    For further information, please contact the exclusive selling agents below:

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

    ROMANOR FALCONER
    0413 830 808
    rfalconer@burgessrawson.com.au

    JUSTIN KRAMERSH
    0460 349 605
    jkramersh@burgessrawson.com.au

    JORDAN BELL
    0497 844 705
    jbell@burgessrawson.com.au

    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold6 Dec 2023
    Floor Area103 m²
    Land Area103 m²
    ParkingAsk Agent
    Property ID2018890494
    Category
    Last updated  7 Dec 2023
    Map for 47 Bassetts Road Doreen VIC 3754
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold6 Dec 2023
    Floor Area103 m²
    Land Area103 m²
    ParkingAsk Agent
    Property ID2018890494
    Category
    Last updated  7 Dec 2023

    Co-Agents

    Shaun Venables
    Burgess Rawson VIC Pty Ltd
    Call
    0411 860 865
    Romanor Falconer
    Burgess Rawson VIC Pty Ltd
    Call
    0413 830 808
    Burgess Rawson VIC Pty Ltd
    Call
    0497 844 705

    More about 47 Bassetts Road Doreen VIC 3754

    47 Bassetts Road Doreen VIC 3754 is categorized as Shop & Retail Property. It has a floor area of 103 m² and a land area of 103 m². The listing ID for this property is 2018890494.

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