LAWD is pleased to present For Sale this exceptional investment opportunity located in the booming northern growth corridor of Melbourne.
- Prime investment with long-term secure income
- Net income of $575,000 p.a. + GST + outgoings
- 12-year lease with options to 2053
- Guaranteed fixed rental increases compounding at 3% p.a.
- Jasbe are a national operator with 45 sites Australia wide
- In excess of 50,000 cars expected to pass daily
- Proximity to a newly constructed $103m diamond interchange, part of the Oherns Rd upgrade
- Perfect trading location: the adjoining employment precinct drives trade by day while the residential catchment drives both day & night trading
- Substantial 3,589 sqm* site designated as ‘Comprehensive Development Zone’
- Attractive investment given the low interest rate environment & strong guaranteed rental growth
- Strong performing asset class which was deemed an ‘essential service’ during lockdowns
- Located in one of the fastest growing municipalities in Australia
- Brand new construction (complete in September 2021) with significant depreciation benefits
FOR SALE BY PUBLIC AUCTION ON WEDNESDAY 8 DECEMBER 2021 AT 10.30AM (UNLESS SOLD PRIOR).
AUCTION LOCATION: ONLINE OR IN-PERSON AT CHAPEL SUITE, COMO HOTEL, SOUTH YARRA.
To obtain further information or to arrange an inspection, please contact the exclusive selling agents below:
Paul Callanan - 0478 652 468
Peter Sagar - 0414 843 854
Darcy Tobin - 0433 644 166