- Address: 37 Centre Road Vermont VIC 3133
- Land Area: 196 sqm*
- Property type: Investment
- Offer type: For Sale
- City: Vermont
- Post Code: 3133
- Features: 10 year lease with options until 2051 , Commercial and residential freehold , Returning $73 500 per annum ++
IMPECCABLE CORNER FREEHOLD INVESTMENT SECURELY LEASED TO RENOWNED OPERATOR
- 10 YEAR LEASE WITH OPTIONS UNTIL 2051
- RETURNING $73,500 PER ANNUM ++
- COMMERCIAL AND RESIDENTIAL FREEHOLD
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
For Sale via Public On-Site Auction Friday 10th December 2021 at 10am.
For further information please contact the exclusive selling agents.
+61 458 467 482
+61 488 779 749
+61 402 747 030
+61 432 467 771
- ID: 4965
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