Long 12 Year Lease to July 2027 – Rare 4% Fixed Annual Rent Increases

3/1-9 Mareeba Way, Craigieburn VIC

Property Highlights

Long term tenant – 10+ years
Direct access to 65 car parks
Situated in major growth area
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+ Recent six (6) year lease term extension to July 2027 plus options to July 2036.
+ Dili Bakehouse: Successful business in occupation since 2009.
+ Strength of tenant highlighted by early six (6) year lease extension during COVID-19.
+ Rare 4% fixed annual rent increases assuring growth.
+ Modern 85 sqm bakery with direct access to 65 car parks.
+ 100% occupied convenience centre anchored by Chemist Warehouse & Medical Centre.
+ Positioned in established residential area near Mount Ridley College (2,600 students), Craigieburn Primary School (850 students) and Mother Teresa Catholic Primary School (177 students).
+ Craigieburn: Booming suburb in Melbourne’s northern growth corridor with estimated 54% population growth by 2041.
+ Net Rent: $49,941.32 pa + GST.

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 9 December

Property Details

Current Tenant
Occupancy Type
Building Area
85 SQM

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