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49 Bassetts Road
Doreen VIC 3754
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Sold on 2 Feb 2024

49 Bassetts Road Doreen VIC 3754

  • Shop & Retail
  • 388 m²
  • Sold

New 10 Year Lease to Major Supermarket Chain FoodWorks | 400 + Stores Australia-Wide

    Burgess Rawson are delighted to offer to the market the FoodWorks at 49 Bassetts Road, Doreen VIC for sale via Private Treaty.

    This investment has the following key highlights:

    + New 10-year lease to January 2033 plus options to 2048.
    + FoodWorks: Australia's second largest independent supermarket with over 400 stores Australia-wide, supporting in excess of $1.35 billion in annual sales at the retail level.**
    + Manna-Foods: established and successful independent supermarket operator over 28 years with six (6) stores and growing, including Doreen, East Keilor, Weribee, Hoppers Crossing, Altona and Grantville.
    + Prime 388sqm* clear span supermarket with complete grocery and liquor offering, open till 10pm 7 days a week.
    + Anchor tenant in the new 'Vantage Central' neighbourhood retail centre supported by three complimentary food shops and directly fronting 15 public car parks.
    + Tenant pays all usual outgoings, excluding land tax.
    + Annual fixed 3% rent increases, assuring rental growth.
    + 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: $133,473.57 pa* + GST (at January 2024)

    *Approx
    **Australian United Retailers
    ***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

    AUCTION

    Auction date and time06/12/2023 10:30
    Auction locationCrown Casino - River Room - Melbourne
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold2 Feb 2024
    Floor Area388 m²
    Land Area388 m²
    ParkingAsk Agent
    Property ID2018889958
    Category
    Last updated  6 Feb 2024
    Map for 49 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 Sold2 Feb 2024
    Floor Area388 m²
    Land Area388 m²
    ParkingAsk Agent
    Property ID2018889958
    Category
    Last updated  6 Feb 2024

    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 49 Bassetts Road Doreen VIC 3754

    49 Bassetts Road Doreen VIC 3754 is categorized as Shop & Retail Property. It has a floor area of 388 m² and a land area of 388 m². The listing ID for this property is 2018889958.

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