8/121 Grices Road,
Clyde North, VIC 3978
Shops & Retail • Hotel, Motel & Leisure • Showrooms & Large Format Retail
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Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
8/121 Grices Road
Clyde North, VIC 3978
Map of 8/121 Grices Road
Long 10 Year Lease to October 2032 | High Ranking Indian Restaurant Investment
- 10 Year Lease to Oct 2032 Plus Options
- Annual 3% Rent Increases
- Tenant Pays All Usual Outgoings
Burgess Rawson is pleased to offer to the market the Curry Twist Indian restaurant at 8/121 Grices Road Clyde North for sale via Investment Portfolio Auction 163.
The investment has the following highlights:
+ Long 10 year lease to October 2032 plus options to 2042.
+ Immaculate 85sqm* premises with brand new fit-out complemented by supporting retail.
+ Curry Twist: New and exciting Indian restaurant with a popular following and high star Google reviews.
+ Annual fixed 3% rent increases.
+ Landlord favourable net lease terms with the tenant paying all usual outgoings.
+ Single tenant minimum management investment.
+ Prime exposure, frontage to 89-space public car park.
+ Brand new construction providing maximum tax depreciation benefits.
+ Surrounded by important social infrastructure including 9 schools with over 7,500 full-time students.**
+ Clyde North: Melbourne’s major southern growh corridor with the population forecast to increase 130.21% by 2041. ***
+ Net Income: $38,250 pa* + GST.
To be sold via Investment Portfolio Auction 163
10:30am AEST, Wednesday 13 September
Crown Casino, Melbourne
*Approx
**GapMaps
***Forecast.id
The investment has the following highlights:
+ Long 10 year lease to October 2032 plus options to 2042.
+ Immaculate 85sqm* premises with brand new fit-out complemented by supporting retail.
+ Curry Twist: New and exciting Indian restaurant with a popular following and high star Google reviews.
+ Annual fixed 3% rent increases.
+ Landlord favourable net lease terms with the tenant paying all usual outgoings.
+ Single tenant minimum management investment.
+ Prime exposure, frontage to 89-space public car park.
+ Brand new construction providing maximum tax depreciation benefits.
+ Surrounded by important social infrastructure including 9 schools with over 7,500 full-time students.**
+ Clyde North: Melbourne’s major southern growh corridor with the population forecast to increase 130.21% by 2041. ***
+ Net Income: $38,250 pa* + GST.
To be sold via Investment Portfolio Auction 163
10:30am AEST, Wednesday 13 September
Crown Casino, Melbourne
*Approx
**GapMaps
***Forecast.id
Property ID: 504398452Last Updated: 7 Feb 2024
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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