PROUDLY RAY WHITE DEER PARK

This property presents an exceptional investment opportunity for astute investors or business owners alike.
This tightly held pocket of High Street provides great exposure to high foot traffic and excellent visibility.
With a reliable tenant already in place and surrounded by renowned brands, this commercial space promises excellent returns and long-term value.

Investment opportunity includes:
- Current lease at $51,480 INC GST per annum. ($4,680 INC GST per month).
- Lease commenced August 2022.
- Lease term = 4 + 4 + 4.
- 100% of building outgoings are covered by the renter, ensuring hassle-free ownership.
- 4% CPI rent review per annum.
- Rent due to increase by the 4% CPI this August 2024.
- Estimate outgoings $10,000 approx. per annum.
- Exposure to major transport links, including the Western Fwy and Melton Train Station, making it easily reachable from surrounding areas.

This is an excellent investment prospect in a vibrant commercial area, with its bustling commercial strip that attracts both locals and visitors.

*Commercial property site is for sale, business is not for sale.

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DISCLAIMER: Every precaution has been taken to establish the accuracy of the above information but it does not constitute any representation by the vendor or agent.

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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School catchments

Djerriwarrh Community & Education Services - Djerriwarrh Community College Secondary 11-12 Independent 0.38km
St Dominic's School Primary Prep-6 Catholic 0.46km
Melton Primary School Primary Prep-6 Government 0.62km
Heathdale Christian College - Melton Campus Combined Independent 1.1km
Melton Secondary College Secondary 7-12 Government 1.3km
Kurunjang Secondary College Secondary 7-12 Government 1.3km
Melton West Primary School Primary Prep-6 Government 1.3km
Coburn Primary School Primary Prep-6 Government 1.5km
Kurunjang Primary School Primary Prep-6 Government 1.6km
Muhammadiyah Australia College Combined Prep-9 Independent 2.1km
Wedge Park Primary School Primary Prep-6 Government 2.4km
Melton Christian College Combined Prep-12 Independent 2.6km
St Catherine of Siena School Primary Prep-6 Catholic 2.8km
Melton South Primary School Primary Prep-6 Government 2.8km
St Francis Catholic College Secondary 7-12 Catholic 2.8km
Al Iman College Combined Prep-12 Independent 2.9km
St Anthony's School Primary Prep-6 Catholic 3.0km
Staughton College Secondary 7-12 Government 3.0km
OneSchool Global Vic Combined 3-12 Independent 3.4km
OneSchool Global Vic - Melton Centre Combined Independent 3.4km
Melton Secondary College-CaLM Link up Campus Secondary Government 3.7km
St Francis Catholic College - Cobblebank Campus Secondary Catholic 4.4km
Melton Christian College - Toolern Vale Campus Combined Independent 4.6km
Melton Christian College - Online Campus Combined Independent 4.6km

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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