1 Robinlee Avenue, Burwood East

SECURE INVESTMENT LEASED FOR 10 YEARS WITH 4% INCREASES TO A RENOWNED OPERATOR

Jones Real Estate is proud to present ‘Eastwood’, 1 Robinlee Avenue, Burwood East to the market For Sale via Public On-Site Auction on Wednesday 7th December 2022 at 10:30am.

This incredible tenanted investment opportunity is leased to one of the hospitality industry’s most renowned operators, with multiple venues across Melbourne including Mackie (est. 2021), Bonbeach (est. 2020), Edithvale General Store (est. 2019) and Watkins Bay Coffee (est. 2012).

The property is ideally positioned on a key corner and has undergone a dramatic renovation and transformation to turn the asset into a contemporary freehold in the desirable suburb of Burwood East.

Key highlights of this opportunity include:

– Securely leased to a proven and extremely well-established operator – trading as ‘Eastwood’.

– Current passing rental of $78,000.00 per annum + GST & Outgoings.

– An outstanding 10-year initial lease expiring October 2032.

– Three (3) further optional terms of five (5) years.

– This tremendous opportunity is further underpinned by a 6-month security deposit and director’s guarantee.

– The property strongly benefits from the strong residential catchment that surrounds it with the City of Whitehorse’s estimated resident population for 2021 at 171,167 and a population density of 2,664 persons per square kilometre.

*Approx.

For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.