High Profile Fast Food with Drive Thru – 10 Year Net lease – Fixed Rent Increases

2/220 Epping Road, Wollert VIC

Property Highlights

10 Year Lease to 2029 + options
Irreplaceable Epping Rd corner site
Burger Edge - 4 locations
Register to Bid

Description

+ Long Ten (10) year lease to 2029 plus options to 2039.
+ Burger Edge: established fast food chain restaurant with locations across VIC, NSW & WA.
+ Generous 3% fixed annual rent increases allowing for growth.
+ Investor preferred net lease terms with tenant paying all usual outgoings as per lease.
+ As new 119sqm restaurant constructed in 2018 including drive thru – Significant depreciation benefits on offer.
+ Prominent corner site with triple frontage and exposure
+ Positioned in key commercial complex with 15 complimentary retailers including Shell/Viva, Cellarbrations and Dental One.
+ Wollert: within Melbourne’s fast growing northern growth corridor with estimated 52% population growth by 2041.
+ Net Income: $116,699 pa + GST

Auction Wednesday 23 June
River Room, Crown Casino, Melbourne
Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fast Food
Land Size
119 SQM
Building Area
119 SQM

Contact Me