TROPHY INNER CITY FREEHOLD INVESTMENT - SECURE 10 YEAR LEASE TO 2027 PLUS OPTIONS
Vinci Carbone and Burgess Rawson are pleased to offer to the market, 392 Sydney Road, Brunswick VIC for sale via our Auction Investment Portfolio 156.
The property has the following investment highlights:
Secure 10-year net lease to 2027 plus options to 2037
Ray White: Nationally recognised franchise with over 1000 offices spanning 11 countries**
Strong and certain rental growth with fixed annual, compounding 3% increases
Landlord-favourable, net lease terms with tenant responsible for all usual outgoings except Land Tax
Impressive, recently renovated, 338 sqm* part 2-level building with tenant funded capital intensive fit-out
11 at grade car park spaces
Substantial 591 sqm* corner site with future development upside (STCA)
Highly desirable Commercial 1 Zoning (C1Z)
An abundance of major residential/mixed use developments are under construction and in planning in the immediate vicinity
Extensive frontage and exposure to Sydney Road and Albert Street, two main arterial roads servicing over 19,000 vehicles per day***
Position perfect, within 250m* of Bunnings, Woolworths and ALDI
Surrounded by important social infrastructure, with 5 tram routes within 1.5 km plus Brunswick Train Station (300m)
Prestigious metro-Melbourne location, with median house prices up 11.7% to $1,370,000 from Sept 2021-2022****
Brunswick: high density city fringe capital growth suburb, just 3.5km* from Melbourne CBD
The City of Moreland: population forecast to grow 23% to 232,177 residents by 2036*****
Net Income: $109,216 pa* plus GST
To be sold by Investment Portfolio Auction:
10:30am AEDT Wednesday 26 October 2022
Crown Casino, Melbourne
*Approximately
** Ray White
*** Gapmaps
****realestate.com.au
*****Moreland Council Plan 2021-25