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Burgess Rawson - Melbourne

Kingston Funerals, 305 Warrigal Road Cheltenham, VIC 3192

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Kingston Funerals, 305 Warrigal Road,
Cheltenham, VIC 3192

Medical & Consulting • Shops & Retail • Development Sites & Land

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Burgess Rawson - Melbourne
Zomart He
Beau Coulter
Natalie Couper

Burgess Rawson - Melbourne

Level 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
Burgess Rawson - Melbourne
Kingston Funerals, 305 Warrigal Road
Cheltenham, VIC 3192

Map of Kingston Funerals, 305 Warrigal Road

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New 10+10+10 Year Lease to Essential Service Tenant

  • New 10 year net lease
  • Funeral Home Since 1995
  • Fixed 3% rent increases     
Brand new 10+10+10 year lease to 2051.
Kingston Funerals: market leading operator established on-site 26 years.
Thriving essential service sector.
Favourable net lease terms with tenant paying all usual outgoings.
Strong and certain rental growth with compounding, annual 3% rent increases.
Irreplaceable 1,259sqm corner landholding with important 61 metre dual street frontage, 19 car spaces and 27,650 vehicles passing daily.
Easily accessible Warrigal Road site, situated directly between Nepean Highway and Dingley Bypass and within 2km of Moorabbin Airport.
Superbly located within 2km of Westfield Southland (370 retailers), DFO Moorabbin (110 retailers), Bunnings, McDonald’s, Hungry Jack’s, Jaycar, Repco, Sydney Tools and RSEA Safety.
Cheltenham: booming suburb 18km south-east of Melbourne CBD with median house price of $1.162,000, (10.2% up since Sep 2020) and population forecast to grow 26.4% by 2041.
Defensive, set-and-forget freehold investment.
Estimated Net Income: $144,625pa + GST .

For Sale by Investment Portfolio Auction
11am (AEST) Tuesday 28 September 2021

Property ID: 503898010Last Updated: 24 Nov 2021

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