Retail for Auction
- About this property
- Explore Oakleigh East
Corner Retail Investment with Future Development UpsideProperty ID 1551143Ray White Commercial presents this prominent corner investment with exposure to Ferntree Gully Road trading as an IGA Supermarket since 2011. With a new long term lease in place to a tenant who has a chain of successful supermarkets throughout Melbourne, this property will suit the astute investor who is looking for future value-add/development potential (STCA).
- Land area 220m2 approx.
- Building area 190m2 approx.
- Fresh 5 year lease commenced 1st February 2016
- Two (2) further terms of Five (5) years each.
- Currently returning $24,504 p/a + GST + Outgoings
- R.O.W. with council parking parallel to building
- Commercial 1 zoning
- High exposure location with two street frontages
- Excellent signage rights
- Inspection an absolute must
The property is being offered to the market via on-site Public Auction on Thursday 09th February 2017 at 12:00pm.
To obtain further information, or to arrange an inspection, please contact the exclusive sales and marketing agents.
George Kelepouris 0425 798 677
Ryan Amler 0401 971 622
Due diligence checklist - for home and residential property buyers