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Corner Profile Retail Investment with long term tenant of 11 years
This boutique retail investment is located on corner of Burwood Highway and Middleborough Road and is part of the Burwood Heights Shopping Precint. Currently leased to Ultimate Hairworks and Beauty who have occupied the property for the past 11 years and are currently on a 3 + 3 + 3 year lease.Adjoining business's include Woolworths, Caltex service station and over 25 speciality retailers. Also being in close proximity to Middleborough road tram stop 66, makes this property an ideal investment.
Key property features include:-
- Tenant has occupied the premise for 11 years
- Current 3 + 3 + 3 year lease
- Building Area: 100 sqm*
- Rental returns of $34,700 pa net
- Commercial 1 Zone (C1Z)
- Annual rent increase of 3%
- Unlimited & free staff permit parking
- Prominent position within busy shopping district
Open Times:
Fri 25 Nov 2016 (12:00PM - 12:30PM)
Fri 02 Dec 2016 (12:00PM - 12:30PM)
Mon 05 Dec 2016 (12:00PM - 12:30PM)
Auction on site on Wednesday 7th December at 1:30pm.
Contact Paul Waterhouse or Stefanie Taylor for more information.
Key property features include:-
- Tenant has occupied the premise for 11 years
- Current 3 + 3 + 3 year lease
- Building Area: 100 sqm*
- Rental returns of $34,700 pa net
- Commercial 1 Zone (C1Z)
- Annual rent increase of 3%
- Unlimited & free staff permit parking
- Prominent position within busy shopping district
Open Times:
Fri 25 Nov 2016 (12:00PM - 12:30PM)
Fri 02 Dec 2016 (12:00PM - 12:30PM)
Mon 05 Dec 2016 (12:00PM - 12:30PM)
Auction on site on Wednesday 7th December at 1:30pm.
Contact Paul Waterhouse or Stefanie Taylor for more information.
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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