Sold

10/1 The Promenade,
South Morang 3752, Victoria

77m² building size
Retail

Price withheld


Property details

NAIL THIS BEAUTY !

- Leased Commercial Investment Opportunity
- Superbly positioned shop of 77 sqm in the busy Promenade, Mill Park Lakes/South Morang estate
- Close proximity to the South Morang Station, Bus Transport, and Plenty Valley Shopping Centre
- Currently set up as a nail and beauty salon
- Two separate treatment rooms and a kitchenette
- Heating and cooling throughout
- Ample customer parking
- Mixed-use zoning
- Lease details:
- Current 2 year lease term from 1.7.2025
- Two further options of two years
- Fixed 4 per cent annual increases with a market review in year one of each option
- Net rental return of $20,000 per annum

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

  • The Lakes South Morang College Combined Prep-12 Government 0.84km
  • The Lakes South Morang College-Primary Campus Combined Government 1.2km
  • Meadowglen Primary School Primary Prep-6 Government 1.4km
  • Charles La Trobe P-12 College-Pavilion - The Edge South Morang Campus Combined Government 1.5km
  • Marymede Catholic College Combined Prep-12 Catholic 2.2km

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.


Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.


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