Chichha's Restaurant, 3 Hollingsworth Drive, Cobblebank, Vic 3338

Burgess Rawson are delighted to offer to market "Chichha's Restaurant' at 3 Hollingsworth Drive, Cobblebank VIC for sale via Investment Portfolio Auction 176.

The property has the following key investment highlights: 

+ New Seven (7) Year net lease to April 2031 plus Two (2) further Five (5) Year options to 2041.
+ Chichha’s: new modern Indian restaurant with dine in, take away and delivery options, strong google reviews with 4.6 star average ratings.
+ Prominent 84 sqm* corner premises with impressive AAA tenant fit-out.
+ Strategically positioned adjoining supermarket, and complimented by surrounding business' including Domino's, restaurants, cafe's and more.
+ Brand new construction providing tax saving depreciation benefits.
+ Landlord preferred net lease terms with tenant paying usual outgoings.
+ Fixed, compounding 4% annual rent increases ensuring continued income growth. 
+ Six (6) month security bond plus director guarantee in place. 
+ Position perfect: central to Coles, Cobblebank Railway Station, Statullah Primary School, Aspire Childcare Centres, Cobblebank Stadium and the Atherstone Athletics Centre.
+ Surrounded by booming infrastructure including the future $900M Government funded Melton Hospital, only 600 metres* from the property, 274+ beds and 700 – 1,700 jobs created.***
+ City of Melton: Recognised as one of Australia’s fastest growing area's with population anticipated to surge to over 416,000 by 2051, a 98% increase.**
+ Net Income: $53,625 pa* + GST

To be sold via Investment Portfolio Auction 176,
10:30am AEST Wednesday 14 May 
Garden Room, Crown Casino, Melbourne

*approx
**Forecast.id
***VHBA