Rare Affordable Hawthorn Freehold – Long Standing Performer Circa 35 years

465 Riversdale Road, Hawthorn East VIC

Property Highlights

Rare to the market Hawthorn investment
Head office lease
Compounding annual 3% increases
Register to Bid

Description

Secure 5 year lease to 2025 plus one (1) further five (5) year option to 2030.
Landlord friendly net lease, tenant pays all usual outgoings as per the lease.
Guaranteed rental growth with annual fixed 3% rent increases.
193sqm C1Z site with ROW plus on-site parking.
ROW providing rear access and parking.
Rare and affordable freehold within one of Melbourne’s most prestigious and best performing retail and lifestyle precincts.
Long proven business occupying the premises since 1986.
Taco Bill- The longest running Mexican franchise in Australia with over 27 stores across Victoria.
Net Rent: $42,758.84* pa + GST.

To be sold by Investment Portfolio Auction:
10:30am AEST
Wednesday 12 May 2021
Southbank, Crown Casino, Melbourne

*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

Property Details

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

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