Brand New Pets Domain Investment Constructed 2024 Providing Maximum Depreciation

Description

Burgess Rawson is pleased to offer to market Pets Domain, Portland VIC for sale via immediate Private Sale.

This investment has the following key highlights:

+ Brand new Five (5) year lease to Pets Domain to 2029 plus options to 2039.
+ Pets Domain: wholly owned subsidiary of Pet Solutions with 70+ stores across Australia. (1)
+ Favourable annual CPI reviews.
+ Brand new 602sqm* retail showroom with important front loading via Percy Street.
+ Immaculate 2024 construction providing strong depreciation with 45% of year 1 rent potentially tax free. (2)
+ Important direct access to 12 shared sealed and lined car spaces.
+ High profile Percy Street location, Portland’s premier retail strip and thoroughfare.
+ Wiithin 200m* of McDonald’s, KFC, Mitre 10, Reece Plumbing, Repco, Tyrepower & Burson Autoparts and more.
+ Port of Portland is Victoria’s only natural deep-water port, supporting 45% of VIC’s dry bulk cargo. (3)
+ Portland: administrative hub of Glenelg Shire with annual GRP of $1.16B*, up a significant 5% since 2021. (4)
+ Potential 50% stamp duty saving.
+ Net Income: $118,570pa* + GST

For Sale via Immediate Private Sale.

* Approx
1. Pets Domain
2. J Mathew Advisory
3. Port of Portland
4. .id

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Contact agents
Beau Coulter Partner
0413 839 898
Sam Mercuri Sales Executive
0413 830 709
Enquiry Form

Portland, VIC

2/ 175-177 Percy Street

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 177

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