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    • About this property
    • Explore Oakleigh East
    • Corner Retail Investment with Future Development Upside

      Property ID 1551143
      Ray 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 01st December 2016 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