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Burgess Rawson - Melbourne

Crustic Pizza & Pasta, 47 Bassetts Road Doreen, VIC 3754

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Crustic Pizza & Pasta, 47 Bassetts Road,
Doreen, VIC 3754

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Burgess Rawson - Melbourne
Romanor Falconer
Shaun Venables
Jordan Bell

Burgess Rawson - Melbourne

Level 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
Burgess Rawson - Melbourne
Crustic Pizza & Pasta, 47 Bassetts Road
Doreen, VIC 3754

Map of Crustic Pizza & Pasta, 47 Bassetts Road

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Long 10 Year Lease to New Restaurant | Proven Operators | Fixed 3% Rent Increases

  • Long 10 Year Lease to 2032 Plus Options
  • Fixed Annual 3% Rent Increases
  • Booming Growth Corridor Location
Burgess Rawson are delighted to offer to the market the Crustic Pizza & Pasta at G3/47-49 Bassetts Road, Doreen VIC for sale via Investment Portfolio Auction 165.

This investment has the following key highlights:

+ Long 10 year lease to December 2032 plus options to 2042.
+ Crustic Pizza & Pasta: New and exciting restaurant, ran by established and successful restaurateurs offering in mobile app-ordering, dine in, takeaway and delivery options.
+ Prime 103sqm* retail premises with indoor seating and expansive commercial kitchen.
+ Located within the ‘Vantage Central’ neighbourhood retail centre supported by complimentary restaurants and directly fronting 15 public car parks.
+ Tenant pays all usual outgoings, excluding land tax.
+ Strong and certain rental growth with 3% annual increases.
+ New build, providing significant tax depreciation benefits.
+ Strategic corner position, adjacent to multi- unit development, only 1.2km* from Mernda Railway Station and 450m* from Ivanhoe Grammar, Plenty Campus.
+ Direct access to Bridge Inn Road (350m*) via Bassetts Road, with 9,500 vehicles passing daily.**
+ City of Whittlesea: one of Australia’s fastest growing LGA’s, forecast to grow in population by 55% to 360,691 residents by 2041.***
+ Net Income: $52,530 pa* + GST.

To be sold via Investment Portfolio Auction 165
10:30am (AEDT) Wednesday 6 December 2023
Crown Casino, River Rooms – Melbourne

*Approx
**GapMaps
***forecast.id

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

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

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

JUSTIN KRAMERSH
0460 349 605
jkramersh@burgessrawson.com.au

JORDAN BELL
0497 844 7...
jbell@burgessrawson.com.au

Property ID: 504461028Last Updated: 4 Apr 2024

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