High Yield High Return Not Bank Rates 1st Jan 2026 rental $49.870 PA 3% rental increase 1st term ever year then 5% every year for 15 years

Somerville, VIC

Commercial

AUD 880,000

• 75 sqm
• 75 m² plot

Roll out the long-term lease of this central Somerville shopfront and watch the rewards rise. Tenanted on a long-term, multi-option guaranteed lease to a franchise of the multi-store food brand Smokin' Joes, this 75sqm shopfront offers exceptional long-term stability, security, and growth in Somerville's premier retail precinct. - Approx. 75sqm shopfront in Somerville Plaza shopping mall - Long-term, multi-option lease - Tenanted by a well-known takeaway food brand - Secure lease to a franchisee backed by a guarantor - Potential 20-year leasing arrangement - Current rent: $46,865.00 per annum - Ongoing options for four further terms, extending until 2043 - Market rental review at the beginning of each term - 3% rent increase with each term - Fully fitted for food preparation, including a 3-sink wash area - Stylish, high-quality fit-out by a strongly committed tenant - WC facilities, reverse-cycle air conditioning, large storage area, and rear access - Located in Somerville's central retail hub – a high-traffic, high-growth position - Situated in a future-forward, outer-suburban locale Surrounding amenities include: - Big brand retailers: Woolworths, Target, Coles, and Direct Chemi…