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22 Banksia St 646 SF Retail Building Burwood, VIC 3125 For Sale
Investment Highlights
- Recently Completed Full Renovation And New Fit-Out Prior To Lease Commencement
- Located Opposite Wattle Park Primary School In Burwood
- Rear Courtyard With Direct Access To Banksia-Waratah Reserve
Executive Summary
The property comprises a land area of approximately 170 m² with a building floor area of 60 m². It is currently leased under a 10-year agreement that commenced on 1 November 2025, with three additional options of five years each (10 + 5 + 5 + 5 structure). The lease provides a current rental return of $78,000 per annum plus GST and outgoings, including management fees. Annual rent increases are fixed at 4%.
The site includes a rear courtyard that connects directly to Banksia-Waratah Reserve and is positioned opposite Wattle Park Primary School. The property has undergone a full renovation with a new fit-out prior to the commencement of the current lease.
The site includes a rear courtyard that connects directly to Banksia-Waratah Reserve and is positioned opposite Wattle Park Primary School. The property has undergone a full renovation with a new fit-out prior to the commencement of the current lease.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
646 SF
Building Class
C
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.04 AC
Frontage
15’ on Banksia Street
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22 Banksia St
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