Added 4 days ago
FoodWorks, 49 Bassetts Road,
Doreen, VIC 3754
Shops & Retail • Showrooms & Large Format Retail • Medical & Consulting
Added 4 days ago
Key property information
Land area
Floor area
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$139,804
Number of Tenants
1 Tenant
Tenants / Type
FoodWorks
Auction
Private inspections
to arrange a private inspection.
CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
FoodWorks, 49 Bassetts Road
Doreen, VIC 3754
Map of FoodWorks, 49 Bassetts Road
Train stations within 5 km of FoodWorks, 49 Bassetts Road, Doreen, VIC 3754 Distance Mernda Station 1.2 km Hawkstowe Station 3 km POWERED BY HERE ©Bus stops within 5 km of FoodWorks, 49 Bassetts Road, Doreen, VIC 3754 Distance Altitude DrBassetts Rd 133 m Bridge Inn Rd/Bassets Rd (Doreen) 296 m Vantage Point BVD/Bridge Inn Rd (Doreen) 371 m Eminence BVD 480 m Hazel Glen College/Eminence BVD (Doreen) 542 m POWERED BY HERE ©
POWERED BY HERE ©
10 Year Lease to National Supermarket Chain Foodworks | 400+ Stores Australia-Wide
- 10 Year Lease to 2033 + Opts to 2048
- Prime 388sqm* Clear Span Supermarket
- Annual Fixed 3% Rent Increases
CBRE is pleased to offer to market 'FoodWorks' Doreen VIC for sale via National Portfolio Auction 182.
The property has the following key investment highlights:
+ Ten (10) Year lease from January 2023 to January 2033 plus Three (3) further Five (5) Year options to January 2048.
+ FoodWorks: Australia’s second largest independent supermarket with over 400 stores Australia-wide, supporting in excess of $2 billion in annual sales at the retail level.(2)
+ Manna-Foods: established and successful independent supermarket operator with over 30 years experience with six (6) stores and growing, including Doreen, East Keilor, Werribee, Hoppers Crossing, Altona and Grantville.
+ Prime 388sqm* clear span supermarket with complete grocery, liquor offering plus deli and delivery, open 7 days a week.
+ Anchor tenant in ‘Vantage Central’ neighbourhood retail centre supported by three complimentary food shops and directly fronting 15 public car parks.
+ Tenant pays all usual outgoings as per the lease excluding land tax.
+ Annual fixed, compounding 3% rent increases, ensuring continued rental growth.
+ Lease secured by a 6 month's rent plus outgoings Bank Guarantee plus one Personal Guarantee.
+ New build at the commencement of the lease, providing significant tax saving depreciation benefits.
+ Strategic corner position surrounded by new homes (median price up 5.1% to $790,000)(3) and only 1.2km* from Mernda Railway Station plus moments to Ivanhoe Grammar Plenty Campus, Hazel Glen College & St Paul Primary School.
+ Direct access to major arterials Bridge Inn Road (350m*) and Plenty Road.
+ City of Whittlesea: one of Australia’s fastest growing LGA’s, forecast to grow in population by 55% to 382,000 residents by 2041.(4)
+ Net Income: $139,804.51 pa* + GST
For further information, please contact the exclusive selling agents below:
DAVID NAPOLEONE
0417 308 0...
david.napoleone@cbre.com
SAM MERCURI
0413 830 7...
sam.mercuri@cbe.com
*Approx
(2)Mumbrella/Australian United Retailers
(3)RealEstate.com.au
(4)forecast.id
The property has the following key investment highlights:
+ Ten (10) Year lease from January 2023 to January 2033 plus Three (3) further Five (5) Year options to January 2048.
+ FoodWorks: Australia’s second largest independent supermarket with over 400 stores Australia-wide, supporting in excess of $2 billion in annual sales at the retail level.(2)
+ Manna-Foods: established and successful independent supermarket operator with over 30 years experience with six (6) stores and growing, including Doreen, East Keilor, Werribee, Hoppers Crossing, Altona and Grantville.
+ Prime 388sqm* clear span supermarket with complete grocery, liquor offering plus deli and delivery, open 7 days a week.
+ Anchor tenant in ‘Vantage Central’ neighbourhood retail centre supported by three complimentary food shops and directly fronting 15 public car parks.
+ Tenant pays all usual outgoings as per the lease excluding land tax.
+ Annual fixed, compounding 3% rent increases, ensuring continued rental growth.
+ Lease secured by a 6 month's rent plus outgoings Bank Guarantee plus one Personal Guarantee.
+ New build at the commencement of the lease, providing significant tax saving depreciation benefits.
+ Strategic corner position surrounded by new homes (median price up 5.1% to $790,000)(3) and only 1.2km* from Mernda Railway Station plus moments to Ivanhoe Grammar Plenty Campus, Hazel Glen College & St Paul Primary School.
+ Direct access to major arterials Bridge Inn Road (350m*) and Plenty Road.
+ City of Whittlesea: one of Australia’s fastest growing LGA’s, forecast to grow in population by 55% to 382,000 residents by 2041.(4)
+ Net Income: $139,804.51 pa* + GST
For further information, please contact the exclusive selling agents below:
DAVID NAPOLEONE
0417 308 0...
david.napoleone@cbre.com
SAM MERCURI
0413 830 7...
sam.mercuri@cbe.com
*Approx
(2)Mumbrella/Australian United Retailers
(3)RealEstate.com.au
(4)forecast.id
Doreen, 3754 demographic data
The median household income for Doreen is $2,151, 13% higher than Greater Melbourne's household income of $1,901. Doreen has a younger age profile compared to the rest of Greater Melbourne (median age 33 vs 37). Property ownership data shows 75% of property owners in Doreen have a mortgage.
27,122
Population
$2,151 per week
Median household income
33 years
Median age
Owners
Most residents
Families
Most households
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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