RK Hair and Beauty , 2/121 Grices Road,
Clyde North, VIC 3978
Shops & Retail
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Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
RK Hair and Beauty , 2/121 Grices Road
Clyde North, VIC 3978
Map of RK Hair and Beauty , 2/121 Grices Road
Brand New 7 Year Net Lease - Proven Operator, Brand New Premises
- New 7 year lease plus options to 2040
- Rare Fixed 4% annual rent Increases
- Tenant pays all usual outgoings
Burgess Rawson is pleased to offer to the market, RK Hair & Beauty, Clyde North VIC for sale via our Auction Investment Portfolio 159.
The property has the following investment highlights:
+ New 7 year net lease to 2030 plus two further options to 2040.
+ RK Hair & Beauty: est. 2000, established and successful hair & beauty business in brand new premises.
+ Attractive 4% fixed rental increases ensuring rental growth.
+ Landlord favourable lease terms with tenant paying all usual outgoings as per the lease.
+ Immaculate 89sqm* premises with brand new AAA fit-out
+ Prominent and direct frontage to an 89-space public car park.
+ New (October 2022) construction, providing significant tax depreciation benefits.
+ Single tenant minimum management investment.
+ Expanding residential precinct and supported by complementary users including supermarket, gym, swim school and restaurant/take away.
+ Surrounded by important social infrastructure including 9 schools servicing over 7,500 full-time students within a 3km radius***
+ Clyde North: Melbourne’s major southern growth corridor with the population forecast to increase 130.21% by 2041.**
+ Net Income: $53,400* pa + GST
To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 29th March 2023
Crown Casino, Melbourne
*Approx.
**Forecast.id
*** gap maps
The property has the following investment highlights:
+ New 7 year net lease to 2030 plus two further options to 2040.
+ RK Hair & Beauty: est. 2000, established and successful hair & beauty business in brand new premises.
+ Attractive 4% fixed rental increases ensuring rental growth.
+ Landlord favourable lease terms with tenant paying all usual outgoings as per the lease.
+ Immaculate 89sqm* premises with brand new AAA fit-out
+ Prominent and direct frontage to an 89-space public car park.
+ New (October 2022) construction, providing significant tax depreciation benefits.
+ Single tenant minimum management investment.
+ Expanding residential precinct and supported by complementary users including supermarket, gym, swim school and restaurant/take away.
+ Surrounded by important social infrastructure including 9 schools servicing over 7,500 full-time students within a 3km radius***
+ Clyde North: Melbourne’s major southern growth corridor with the population forecast to increase 130.21% by 2041.**
+ Net Income: $53,400* pa + GST
To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 29th March 2023
Crown Casino, Melbourne
*Approx.
**Forecast.id
*** gap maps
Property ID: 504268248Last Updated: 7 Feb 2024
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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