Two Retail Shops - Invest Or Occupy

RWC Diston Asset Services is pleased to present, for the first time in over 40 years, these two shops on one title with outstanding exposure to Canterbury Road.
Great opportunity with compelling flexibility to occupy number 96 and collect rental on 98 or occupy yourself.

Property features include:

• Shop 96 | Vacant possession
• Shop 98 | Leased to Gallerie B Interiors
• Terms | Three (3) years
• Options | Three (3) years + Three (3) years
• Increases | 3% annually
• Return | $30,900 pa net (1/08/2024)
• Total building area | 185sqm approximately
• Land area | 355sqm approximately
• Rear laneway access
• Zoning | Commercial 1

This is a fantastic property to add to your portfolio with future value add potential to subdivide or further develop (STCA), set amongst one of Melbourne's most affluent suburbs and is set to underpin your investment.

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.

Due diligence checklist for home and residential property buyers.

Explore the area

School catchments

Canterbury Girls Secondary College Secondary 7-12 Government 0.35km
Camberwell Grammar School Combined Prep-12 Independent 0.84km
Camberwell High School Secondary 7-12 Government 0.86km
Camberwell Girls Grammar School Combined Prep-12 Independent 1.1km
Strathcona Baptist Girls' Grammar - Primary Campus Combined Independent 1.1km
Strathcona Baptist Girls' Grammar Combined Prep-12 Independent 1.1km
Camberwell Girls Grammar School - Junior Campus Combined Independent 1.1km
Fintona Girls' School Combined Prep-12 Independent 1.3km
Balwyn Primary School Primary Prep-6 Government 1.4km
Canterbury Primary School Primary Prep-6 Government 1.5km
Our Lady of Good Counsel School Primary Prep-6 Catholic 1.5km
SEDA College (Victoria) Secondary 11-12 Independent 1.5km
Camberwell Primary School Primary Prep-6 Government 1.6km
Siena College Ltd Secondary 7-12 Catholic 1.6km
Auburn Primary School Primary Prep-6 Government 1.8km
Preshil, The Margaret Lyttle Memorial School Combined Prep-12 Independent 1.8km
Deepdene Primary School Primary Prep-6 Government 1.8km
Chatham Primary School Primary Prep-6 Government 2.0km
Genazzano FCJ College Combined Prep-12 Catholic 2.0km
Carey Baptist Grammar School Combined Prep-12 Independent 2.1km
Preshil, The Margaret Lyttle Memorial School - Blackhall-Kalimna Preshil Senior School Combined Independent 2.2km
Swinburne Senior Secondary College Secondary 11-12 Government 2.6km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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