49A Bassetts RoadDoreen VIC 3754
Property Details for 49a Bassetts Rd, Doreen
Last Listing description (November 2023)
Burgess Rawson are delighted to offer to the market the GnG Falafel & Grill at G1/47-49 Bassetts Road, Doreen VIC for sale via Investment Portfolio Auction 165.
This investment has the following key highlights:
+ New 7 year lease to April 2030 plus options to 2040.
+ Modern 88sqm retail premises with internal and alfresco seating.
+ Adjoining anchor tenant FoodWorks within the new 'Vantage Central' neighbourhood retail centre supported by complimentary restaurants and directly fronting 15 public car parks.
+ Tenant pays all usual outgoings, excluding land tax.
+ Strong and certain rental growth with 4% annual increases.
+ New build, providing significant tax depreciation benefits.
+ Strategic corner position, adjacent to multi- unit development, only 1.2km* from Mernda Railway Station and 450m* from Ivanhoe Grammar, Plenty Campus.
+ Direct access to Bridge Inn Road (350m*) via Bassetts Road, with 9,500 vehicles passing daily.**
+ City of Whittlesea: one of Australia's fastest growing LGA's, forecast to grow in population by 55% to 360,691 residents by 2041.***
+ Net Income: $48,400 pa* + GST.
To be sold via Investment Portfolio Auction 165
10:30am (AEDT) Wednesday 6 December 2023
Crown Casino, River Rooms Melbourne
*Approx
**GapMaps
***forecast.id
For further information, please contact the exclusive selling agents below:
SHAUN VENABLES
0411 860 865
svenables@burgessrawson.com.au
JUSTIN KRAMERSH
0460 349 605
jkramersh@burgessrawson.com.au
JORDAN BELL
0497 844 705
jbell@burgessrawson.com.au
ROMANOR FALCONER
0413 830 808
rfalconer@burgessrawson.com.au
Property History for 49a Bassetts Rd, Doreen, VIC 3754
- 15 Dec 2023Sold for $885,000
- 09 Nov 2023Listed for Sale Price on Request
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0About Doreen 3754
The size of Doreen is approximately 32.4 square kilometres. It has 96 parks covering nearly 7.9% of total area. The population of Doreen in 2011 was 11,276 people. By 2016 the population was 21,292 showing a population growth of 88.8% in the area during that time. The predominant age group in Doreen is 0-9 years. Households in Doreen are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Doreen work in a professional occupation. In 2011, 86% of the homes in Doreen were owner-occupied compared with 76.1% in 2016.
Doreen has 11,917 properties. Over the last 5 years, Houses in Doreen have seen a 27.68% increase in median value, while Units have seen a 33.61% increase. As at 31 October 2024:
- The median value for Houses in Doreen is $787,288 while the median value for Units is $564,375.
- Houses have a median rent of $550 while Units have a median rent of $485.
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