Jones Real Estate is pleased to offer for your consideration, the 'Vermont General Store' located at 37 Centre Road, Vermont.

This set and forget blue-chip passive investment opportunity is leased on an initial ten (10) year term until October 2031, with further options until 2051 and is subject to 3% rental increases annually.

This brand-new corner freehold not only comprises a ground floor retail premises, but is also accompanied by a newly renovated two-bedroom residence, solely leased to the one tenant – 'Only Hospitality Group' lead by industry titan, Julien Moussi.

The property is situated in the neighbourly suburb of Vermont – an extremely popular choice for young families, offering a variety of primary and secondary schools, retail stores and dining options, as well as a number of recreational parklands and reserves further underpinning the desire for families wanting to call Vermont home.

Key highlights of this securely tenanted blue-chip investment include;

- This blue-chip set and forget investment is securely leased to renowned operator 'Only Hospitality Group' with 20 venues throughout Melbourne - returning $73,500.00 per annum + GST & Outgoings

- An outstanding ten (10) year initial lease over the entire property until October 2031

- Four (4) further optional terms of five (5) years potentially securing the property until 2051

- Secured by a six (6) month bank guarantee and director's guarantee from Julien Moussi, further safeguarding the investment

- Dual story freehold offering 171sqm* of total building area on a 196sqm* Commercial 1 Zoned allotment

- A newly renovated two-bedroom residence occupied and fully leased by the single tenant

- Favourable Commercial 1 Zoning (C1Z) allowing for long term redevelopment^

- Positioned on the doorstep of Boronia Road and Canterbury Road, with convenient access to major arterials including Eastlink, Mitcham Road, Wantirna Road and Mountain Highway

^ Subject to council approval
*approx.

For Sale via Public On-Site Auction Friday 10th December 2021 at 1pm.

For further information please contact the exclusive selling agents.