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A.S.K Cafe, 3/451 Leakes Road, TRUGANINA, VIC, 3029

2. Property Highlights

Long 10 Year Lease Plus Option to 2033
  • Long 10 year lease to Oct 2028
  • Fixed 3% annual rent increases
  • Tenant pays all usual outgoings

+ New 10 year lease to 2028 plus 5 year option to 2033.

+ Fixed 3% rent increases ensuring rental growth.

+ Tenant pays usual outgoings.

+ Newly constructed 128 sqm premises plus 34sqm alfresco area.

+ Capital intensive tenant fit-out with full commercial kitchen.

+ A.S.K Café: popular café & restaurant with loyal customer base.

+ Excellent tax saving depreciation benefits.

+ Wyndham City: one of Australia’s largest growth areas – forecast population increase of 70% to 512,591 residents by 2041.

+ Net income: $57,712 pa + GST.

For Sale for by Investment Portfolio Auction

10:30am (AEST) Wednesday 12 May 2021

Crown Casino, Melbourne

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

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3. Property Location

A.S.K Cafe, 3/451 Leakes Road, TRUGANINA, VIC, 3029

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4. Due Diligence

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