90 Nepean Highway Mentone VIC 3194

Shop & Retail
90 m²
Sold

High Profile Bayside Retail Investment with Brand New 10 Year Net Lease

Burgess Rawson is pleased to offer to the market Recharge 90 for sale via our Auction Investment Portfolio 159

The property has the following investment highlights:

+ Brand New 10 year net lease to February 2033 plus options to 2043
+ Recharge 90: Experienced massage therapists with multiple locations
+ Fixed 3% annual rent increases, ensuring rental growth
+ Investor preferred net lease terms with tenant paying all usual outgoings
+ Large 90sqm* corner retail premises with 1 secure car space on-title
+ Strategic location with dual frontage and exposure to Nepean Highway with 57,000 vehicles passing daily**
+ Surrounded by important public infrastructure including Mentone Railway station, Moorabbin Airport and within close proximity of national retailers Woolworths, Coles, ALDI, Officeworks, Bunnings, Supercheap Auto, Petbarn, Rebel and more
+ Complemented by 20 schools within 3 kilometres* servicing 13,373 full-time students**
+ Mentone: affluent Bayside suburb with a median house price of $1,450,000***
+ Net Income: $27,000 pa*

To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 29th March 2023
Crown Casino, River Rooms, Melbourne

*Approx
**GapMaps
******

AUCTION

Auction date and time	29/03/2023 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	29 Mar 2023
Floor Area	90 m²
Land Area	1 m²
Parking	Ask Agent
Property ID	2018389691
Category	Shop & Retail
Last updated	29 Mar 2023

Map for 90 Nepean Highway Mentone VIC 3194

Nearest transport* to 90 Nepean Highway Mentone VIC 3194

Bus

Train

Tram

Ferry

Rogers St/Balcombe Rd (Mentone)	107 m
Rogers St/Balcombe Rd (Mentone)	107 m
Rogers St/Balcombe Rd (Mentone)	118 m
Rogers St/Balcombe Rd (Mentone)	118 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	29 Mar 2023
Floor Area	90 m²
Land Area	1 m²
Parking	Ask Agent
Property ID	2018389691
Category	Shop & Retail
Last updated	29 Mar 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

More about 90 Nepean Highway Mentone VIC 3194

90 Nepean Highway Mentone VIC 3194 is categorized as Shop & Retail Property. It has a floor area of 90 m² and a land area of 1 m². The listing ID for this property is 2018389691.