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22 Banksia Street,
Burwood 3125, Victoria
Price withheld
Property details
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Agents
Brand New & 10-Year Lease
Operating as a beloved community destination for over a decade, the property has undergone a complete contemporary overhaul to cater to the affluent local demographic.
Investment Highlights:
• The property features a brand-new, high-quality renovation designed for maximum operational efficiency and aesthetic appeal.
• Benefit from the heavy lifting already being done, with premium finishes throughout the 60 m² floor area and a revitalised outdoor dining experience.
• Secured by a brand new 10-year lease commenced 1 November 2025, with three (3) further options of five (5) years each.
• Current rental return of $78,000 per annum + GST & Outgoings(including management fees). Rent as of 1 November 2026, $81,120.
• Fixed 4% annual increases, providing a hedge against inflation and ensuring consistent capital growth.
Location & Lifestyle:
• The substantial 170 m² land holding features a unique rear courtyard that opens directly onto the Banksia-Waratah Reserve.
• Located opposite Wattle Park Primary School, ensuring high-frequency daily trade from families and staff.
• Burwood (3125) boasts a strong median house price of $1,502,500 up 11.3% over the past 12 months*
This is a rare opportunity to acquire a "set-and-forget" investment where the quality of the building matches the strength of the lease covenant
All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.
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Contact Ryan Trickey
Contact Ryan Trickey
Ryan Trickey
22 Banksia Street, Burwood VIC 3125
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Ryan Trickey
22 Banksia Street, Burwood VIC 3125