Burgess Rawson are delighted to present to market the Cuto Kids Cafe at 9/160 Whitehorse Road, Blackburn VIC for Private Sale.
This investment has the following key highlights:
+ Long 10 year lease to October 2033 plus options to 2043.
+ Cuto Kids Cafe: award winning cafe and play centre with 4 locations across VIC and NSW.
+ Premium party and event venue for kids and parents.
+ Substantial 319sqm* premises with brand new 'capital intensive' fit-out and 2 car spaces on title.
+ Fixed annual 3% rent increases.
+ Calculated location, surrounded by 30 childcare providers within 3km and 9 schools servicing over 8,000 students within 2.5km. (1)
+ New construction offering significant depreciation benefits.
+ Perfectly positioned within the award winning Pace Group's Pace of Blackburn development, incorporating 289 apartments (100% sold), and 17 supporting retail users (100% leased/committed) including Supermarket, Jellis Craig, Uniting, UBX Boxing + Strength, Talon's Nail Salon and more.
+ Pace of Blackburn, delivered by Pace Development Group who have delivered more than 100 projects across Melbourne.
+ Tenant pays all usual outgoings.
+ 3 month security deposit and personal guarantee.
+ Only 500m* from Blackburn Train Station and 2km* from the Eastern Freeway.
+ Whitehorse Road: major eastern suburbs arterial with an average of 37,000 vehicles passing daily. (1)
+ Blackburn: affluent metro Melbourne suburb, with a median house price of $1,625,000 and growth of 6.3% in 12 months. (2)
+ Income: $127,600 pa* + GST.
To be Sold via Private Sale.
*Approx
(1) GapMaps
(2) ***
