ICONIC FREEHOLD INVESTMENT

Private Sale by Closing Date – Leased Investment - 104 High Street, Berwick

Investment opportunity, Retail

Overview

Property ID: 18602
Price: Contact Agent
Rent: $117,280 (ex. GST)
Building: 195m²
Land: 353m²
Zoning: Commercial 1 Zone
Deadline
17/06/2021 03:00 PM
Add to Calendar 17/06/2021 03:00 PM 17/06/2021 03:00 PM Australia/Melbourne Private Sale by Closing Date – Leased Investment - 104 High Street, Berwick ICONIC FREEHOLD INVESTMENT Jarrod Moran [email protected] false DD/MM/YYYY akKqZLDfczNDwEvbmmHA24960

Description

POINT OF INTEREST:

Private Sale by Closing Date: Thursday 17th June 2021 at 3:00pm unless sold prior.

Currently trading as the contemporary Australian restaurant, this investment opportunity in Melbourne’s evolving south-east is ideally suited for those who are looking to have their cake and eat it too.

Occupied by the existing tenant since 2016 and trading as a restaurant since 2005, the property, rental income, successful operation and desirable location are all points that instil confidence in this freehold investment. Moments from major arterials and yet still retaining its rural atmosphere, Berwick might be part of the south-eastern growth corridor, but this hilly village located 43 kilometres from Melbourne’s CBD remains known for its long-established housing estates and wide leafy streets.

INVESTMENT DETAILS:
- Leased to Sandros Café and Restaurant Bar
- $117,280.36 per annum +gst and outgoings
- 6 year lease with further 5 year option
- Commencement date: 15th October 2019
- 3% annual increases + market review at options
- $32,252.09 bank guarantee + personal guarantee

PROPERTY DETAILS:
- Land area of 353 sqm*
- Building area of 195 sqm*
- 125 sqm* alfresco dining (75 sqm* on title)
- Ducted heating and cooling throughout
- Berwick station within one kilometre

*Inspections: by appointment only

POINT OF VIEW:
Short and to the point: an investment opportunity in Melbourne’s bourgeoning south-east that will be picking up the cheque for itself for years to come.

*Approx.
Pricing excludes GST

Additional Info

Features
TenancySsdnsandroz Pty Ltd T/A Sandros Cafe and Restaurant Bar
Lease Term6 + 5 years
Commenced15th October 2019
Rent Review3% annually. Market review at options
Bond/Guarantees$32,252.09 bank guarantee + personal guarantee
Outgoings PayableBy tenant (excluding Land Tax)
Air ConditionerYes
AvailabilitySubject to a lease
Car Parking FeesN/A
Car SpacesAmple public parking opposite
ConditionExcellent
FloorsConcrete/Carpet
HeightVarious
LiftsN/A
Roller DoorsN/A
SprinklersN/A
Wheel Chair AccessYes
ZoningCommercial 1 Zone
Outgoings
Owners’ Corporation$5,787.75 p.a approx (Insurance Only)
Council Rates$2,994.37 p.a approx
Water Rates$976.78 p.a approx
Land Tax$1,900 p.a approx (Single Holding)
Essential Safety MeasuresTBA

Agent Details

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