Long 10 Year Lease Plus Option to 2033

3/451 Leakes Road, Truganina VIC

Property Highlights

Long 10 year lease to Oct 2028
Fixed 3% annual rent increases
Tenant pays all usual outgoings
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Description

+ New 10 year lease to 2028 plus 5 year option to 2033.
+ Fixed 3% rent increases ensuring rental growth.
+ Tenant pays usual outgoings.
+ Newly constructed 128 sqm premises plus 34sqm alfresco area.
+ Capital intensive tenant fit-out with full commercial kitchen.
+ A.S.K Café: popular café & restaurant with loyal customer base.
+ Excellent tax saving depreciation benefits.
+ Wyndham City: one of Australia’s largest growth areas – forecast population increase of 70% to 512,591 residents by 2041.
+ Net income: $57,712 pa + GST.

For Sale for by Investment Portfolio Auction
10:30am (AEST) Wednesday 12 May 2021
Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Cafe
Land Size
163 SQM
Building Area
111 SQM

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