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Laundromat, 3/220 Epping Road, WOLLERT, VIC, 3750

2. Property Highlights

Clean Commercial Investment Starter - 7 + 7 Year Net Lease
  • 7 + 7 year net lease to 2025
  • Established tenant since 2018
  • Fixed 4% rent increases

+ Seven (7) year lease to March 2025 plus Seven (7) year option to 2032.

+ Generous 4% fixed annual rent increases assuring growth.

+ Investor preferred net lease terms with tenant paying all usual outgoings.

+ As new 80sqm laundromat constructed in 2018 with dual frontage and customer entry points - Significant depreciation benefits on offer.

+ Positioned in key commercial complex with 15 complimentary retailers including Shell/Viva, Cellarbrations, Burger Edge and Dental One.

+ Wollert: within Melbourne’s fast growing northern growth corridor with estimated 52% population growth by 2041.

+ Net Income: $40,045pa + GST

Auction Wednesday 23 June

River Room, Crown Casino, Melbourne

Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane

Remember to mention you found this property on CommercialReady.com.au

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3. Property Location

Laundromat, 3/220 Epping Road, WOLLERT, VIC, 3750

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4. Due Diligence

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