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LONG PROVEN ESTABLISHED BUSINESS, 10 YEAR LEASE TERM CERTAIN, 4% INCREASES
Shop 2/1 Webster Way, Pakenham VIC 3810
15 YEAR LEASE TO 2032 PLUS OPTIONS
ATTRACTIVE ANNUAL 4% RENT INCREASES
LONG PROVEN ESTABLISHED BUSINESS
Wednesday 3 August at 10.30am (AEST)
Crown Casino, Melbourne VIC
ATTRACTIVE ANNUAL 4% RENT INCREASES
LONG PROVEN ESTABLISHED BUSINESS
- Pakenham Fruit & Veg Market: Long established proven business with large wholesale and retail business lines
- 15 year lease to 2032 plus options to 2042
- Tenant pays all usual outgoings as per the lease
- Attractive rental growth assured with annual 4% increases
- Highly sought after ‘Essential Service’ asset class
- Superb 814 sqm* building including mezzanine with outstanding exposure
- Convenient level access plus an abundant of on-site car parking
- Strategic main road position, central amongst Pakenham Market Place shopping centre (WW, The Reject Shop, Big W) and Bunnings, McDonalds located nearby on the Princes Hwy feeder road
- Pakenham: Melbourne’s major eastern growth corridor, population estimated to increase 59.9% to 94,954 by 2041
- Cardinia Shire: forecast population growth to 200,238 (66% increase) by 2041
- Net Income: $78,586 per annum* plus GST (as at Dec 22)
Wednesday 3 August at 10.30am (AEST)
Crown Casino, Melbourne VIC