A freestanding retail and drive-thru investment, the property spans approximately 1,014 sqm on a high-profile corner site in Heathcote. Positioned along the Northern Highway, it enjoys strong exposure and convenient access. The asset presents a secure, long-term investment opportunity with a newly refurbished retail premises leased to a national tenant, in a recession proof industry. <br><br>The property comprises a recently refurbished 393 sqm retail store and drive-thru, featuring the latest BWS corporate fit-out. The retail component spans approximately 205 sqm, complemented by a 188 sqm drive-thru with dual access. Improvements include eight on-site parking spaces, concrete-paved driveways, and oversized roller shutter doors for efficient operations. The asset benefits significantly from triple frontage and the exposure that this brings (the site may be well suited to fast food drive through longer term). <br><br>The asset generates a net income of approximately $124,173 per annum (after landlord outgoings), and net yield of 6% (an excellent buy for a bottleshop asset with national ASX listed tenant). Fixed annual rent increases of 3%, ensure compounding income growth. After tax returns are likely to be further enhanced by strong depreciation on this asset. Additionally, the asset will come with a 50% stamp duty concession, saving the purchaser approximately $62,000 upfront. <br><br>Leased to Endeavour Group Limited (trading as BWS) on a brand-new seven-year term until 2031, with eight additional five-year options extending to 2071. The tenant is a leading ASX-listed liquor retailer with a strong national presence. The lease includes landlord-paid outgoings, ensuring a stable and predictable income stream. Bottleshop’s have proven to trade well under all economic conditions, and offer excellent security. <br><br>As a suburb of Bendigo, the asset is strategically positioned in Heathcote’s retail precinct, the property benefits from high exposure on the Northern Highway, which carries over 42,000 vehicles weekly. The region is a rapidly growing wine tourism destination, attracting over 300,000 visitors annually. Surrounded by key amenities, including schools, healthcare facilities, and transport links, the site offers a prime location for retail operations.<br>