8/121 Grices Road

Clyde North VIC 3978

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› 8/121 Grices Road, Clyde North VIC 3978

Sold on 13 Sep 2023

8/121 Grices Road Clyde North VIC 3978

Shop & Retail
85 m²
Sold

Long 10 Year Lease to October 2032 | High Ranking Indian Restaurant Investment

Burgess Rawson is pleased to offer to the market the Curry Twist Indian restaurant at 8/121 Grices Road Clyde North for sale via Investment Portfolio Auction 163.

The investment has the following highlights:

+ Long 10 year lease to October 2032 plus options to 2042.
+ Immaculate 85sqm* premises with brand new fit-out complemented by supporting retail.
+ Curry Twist: New and exciting Indian restaurant with a popular following and high star Google reviews.
+ Annual fixed 3% rent increases.
+ Landlord favourable net lease terms with the tenant paying all usual outgoings.
+ Single tenant minimum management investment.
+ Prime exposure, frontage to 89-space public car park.
+ Brand new construction providing maximum tax depreciation benefits.
+ Surrounded by important social infrastructure including 9 schools with over 7,500 full-time students.**
+ Clyde North: Melbourne's major southern growh corridor with the population forecast to increase 130.21% by 2041. ***
+ Net Income: $38,250 pa* + GST.

To be sold via Investment Portfolio Auction 163
10:30am AEST, Wednesday 13 September
Crown Casino, Melbourne

*Approx
**GapMaps
***Forecast.id

AUCTION

Auction date and time	13/09/2023 10:30
Auction location	Crown Casino - River Room - Melbourne

Burgess Rawson VIC Pty Ltd

Level 20, 150 Lonsdale Street

Melbourne, VIC 3000

Property Highlights

Date Sold	13 Sep 2023
Floor Area	85 m²
Land Area	85 m²
Parking	Ask Agent
Property ID	2018715045
Category	Shop & Retail Hotel, Motel, Pub & Leisure Showrooms / Bulky Goods
Last updated	14 Sep 2023

Map for 8/121 Grices Road Clyde North VIC 3978

Nearest transport* to 8/121 Grices Road Clyde North VIC 3978

Bus

Train

Tram

Ferry

Kirrabilli Pde/Grices Rd (Berwick)	47 m
Bonnington Bvd/Grices Rd (Clyde North)	106 m
Macumba Dr/Grices Rd (Clyde North)	298 m
Leisurewood Dr/Grices Rd (Berwick)	429 m

*Within a 4km radius

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The "rollout status" and "service type" can connect to services over the nbn network but may require additional work to be completed first. On rare occasions, some premises cannot be connected.

Burgess Rawson VIC Pty Ltd

Level 20, 150 Lonsdale Street

Melbourne, VIC 3000

Property Highlights

Date Sold	13 Sep 2023
Floor Area	85 m²
Land Area	85 m²
Parking	Ask Agent
Property ID	2018715045
Category	Shop & Retail Hotel, Motel, Pub & Leisure Showrooms / Bulky Goods
Last updated	14 Sep 2023

Co-Agents

Shaun Venables

Burgess Rawson VIC Pty Ltd

Call

0411 860 865

David Napoleone

Burgess Rawson VIC Pty Ltd

Call

0417 308 067

Romanor Falconer

Burgess Rawson VIC Pty Ltd

Call

0413 830 808

More about 8/121 Grices Road Clyde North VIC 3978

8/121 Grices Road Clyde North VIC 3978 is categorized as Shop & Retail Property. It has a floor area of 85 m² and a land area of 85 m². The listing ID for this property is 2018715045.