IMPECCABLE CORNER FREEHOLD INVESTMENT SECURELY LEASED TO RENOWNED OPERATOR

37 Centre Road, Vermont Victoria, Australia
  • 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 ++

Overview

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

*approx.

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

For further information please contact the exclusive selling agents.

Sam Guest
+61 458 467 482
Sam.Guest@Jonesre.com.au

Paul Jones
+61 488 779 749
Paul.Jones@Jonesre.com.au

Tim Spargo
+61 402 747 030
Tim.Spargo@Jonesre.com.au

Luke Peric
+61 432 467 771
Luke.Peric@Jonesre.com.au

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