Level 1/9 Adakite Drive Berwick VIC 3806

Burgess Rawson is delighted to offer to the market Berwick Village Medical Clinic at Level 1, 9 Adakite Drive, Berwick VIC for sale via Investment Portfolio Auction 170.

The property has the following investment highlights:

+ Long 10 year net lease to December 2033 plus two further 5 year options to 2043.
+ Berwick Village Medical Clinic: Modern medical clinic with high quality fit out including pathology.
+ Brand new 184sqm* including waiting room, reception, four consulting rooms, staff room, storage and amenities.
+ High-profile location neighbouring IGA Supermarket and supported by Direct Chemist Outlet, Dental clinic, Childcare centre and more.
+ Landlord preferred, net lease terms with tenants paying usual outgoings.
+ Fixed compounding 3.5% annual rent increases.
+ Lease secured by 6 month Bank Guarantee plus personal guarantees to the performance of the lease.
+ Single tenant, minimum management investment.
+ Strategically positioned within the Alira Village Town Centre, neighbouring the rapidly growing Alira Berwick and Northern Wetlands residential estates.
+ New construction providing maximum tax saving depreciation benefits.
+ Position perfect: central to Berwick Station and Heritage College.
+ City of Casey, Melbourne's major south-east growth LGA, with population forecast to increase 45% to 574,124 by 2046.**
+ Net Income: $82,300 pa* + GST

To be sold by Investment Portfolio Auction 170
10:30am AEST Wednesday 7 August 2024
Crown Casino, Melbourne

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

DAVID NAPOLEONE
0417 308 067
dnapoleone@burgessrawson.com.au

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

Please contact the exclusively appointed sales team for more information.

*approx
**forecast.id