INVEST NOW, OCCUPY OR REDEVELOP LATER

- Leased Investment Opportunity with mixed use redevelopment potential (STCA)
- Frontage of 9 metres * to Newlands Road with roller shutter door access
- Commercial One Zoned property of approximately 210 sqm *
- No Body Corporate/Owners Corporation
- Includes toilet and kitchenette facilities
- Land area: 251 sqm *
- Rear yard area
- Lease details:
- Leased to Tee It Up Screen Printing
- Lease Terms: Two-year lease commencing 1/09/2024, with a three-year option
- Current rental Income: $35,000 per annum plus outgoings
- Annual CPI rental increases with a market review in year one of the further term
* Approximately

AUCTION ON SITE FRIDAY OCTOBER 31 AT 12PM

From 1 July 2024, eligible buyers of commercial and industrial properties can choose to pay stamp duty in full at settlement or spread the payments over 10 years.

For further information or to arrange an inspection contact:
John Kalpakis 0412 500 250
john.kalpakis@raywhite.com
or
Mitchell Kalpakis 0428 761 735
mitch.kalpakis@raywhite.com

DISCLAIMER:
Whilst Ray White Preston has taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accepts no responsibility and disclaims all liability in respect of any errors, inaccuracies, or misstatements contained herein.
Ray White Preston urges prospective purchasers to make their own inquiries to verify the information contained herein.

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

Mercy College Secondary 7-12 Catholic 0.64km
Australian International Academy of Education Combined Prep-12 Independent 0.82km
St Paul's School Primary Prep-6 Catholic 1.0km
Newlands Primary School Primary Prep-6 Government 1.1km
Coburg High School Secondary 7-12 Government 1.1km
Sydney Road Community School-Coburg Teaching Unit Secondary Government 1.2km
Coburg Primary School Primary Prep-6 Government 1.2km
Bindjiroo Yaluk Community School-The Island Campus Secondary Government 1.2km
Australian International Academy of Education - Senior Campus Combined Independent 1.3km
Islamic College of Sport Secondary 11-12 Independent 1.6km
Fawkner Primary School Primary Prep-6 Government 1.6km
St Mark's School Primary Prep-6 Catholic 1.8km
Coburg North Primary School Primary Prep-6 Government 1.9km
St Raphael's School Primary Prep-6 Catholic 1.9km
St Bernard's School Primary Prep-6 Catholic 1.9km
Antonine College - Cedar Campus Combined Catholic 1.9km
Reservoir West Primary School Primary Prep-6 Government 1.9km
Preston West Primary School Primary Prep-6 Government 2.2km
Pascoe Vale North Primary School Primary Prep-6 Government 2.3km
SEDA College (Victoria) - J.E Moore Park Campus Secondary Independent 2.5km
Bell Primary School Primary Prep-6 Government 2.5km
Darul Ulum College of Victoria Combined Prep-12 Independent 2.8km
SEDA College (Victoria) - AFL- Preston Secondary Independent 2.8km
Antonine College Combined Prep-12 Catholic 2.8km
St John's College Preston Combined Prep-12 Independent 3.0km
John Fawkner Secondary College-Sports Learning Centre Secondary Government 3.1km
John Fawkner Secondary College Secondary 7-12 Government 3.1km

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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