Burgess Rawson are delighted to present to the market Heritance Restaurant & Bar at 7, 121 Grices Road, Clyde North VIC for sale by Investment Portfolio Auction 168.

This investment has the following highlights:

+ Long 7-year net lease to December 2030 plus options to 2040.
+ Immaculate 84 sqm* premises with brand new modern hospitality fit-out.
+ Heritance Restaurant & Bar: Popular modern Sri Lankan restaurant with dine in and delivery.
+ Landlord preferred, net lease terms with tenants paying all usual outgoings.
+ Strong and certain rental growth with annual fixed 3% increases.
+ Prominent and direct frontage to an 89-space public car park.
+ Brand new providing significant tax saving depreciation benefits.
+ Single tenant minimum management investment.
+ Surrounded by important social infrastructure including 9 schools with over 7,500 full-time students.**
+ Strategically positioned and surrounded by complimentary business’ including Story House Childcare, Snap Fitness, Berwick Clyde Vet, Sri Murugan Supermarket, cafes, restaurants & more.
+ City of Casey, Melbourne’s major south-east growth LGA, with population forecast to increase 45% to 574,124 by 2046.***
+ Net Income: $52,500 pa* + GST

To be sold via Investment Portfolio Auction 168
10:30am AEST Tuesday 14 May 2024
River Room, Crown Casino, Melbourne VIC

For more information, please contact the exclusive selling agents below:

DAVID NAPOLEONE
0417 308 0...
dnapoleone@burgessrawson.com.au

ROMANOR FALCONER
0413 830 8...
rfalconer@burgessrawson.com.au

SHAUN VENABLES
0411 860 8...
svenables@burgessrawson.com.au

*Approx
**GapMaps
***forecast.id