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83 O'Shanassy Street,
Sunbury 3429, Victoria

232m² land size
198m² building size
Retail

$1,020,000

Property details

SOLID RETAIL INVESTMENT

For those looking for a solid passive income investment this is now your opportunity. Situated in one of our major retail streets in the heart of the Township.

Long term established business operating a licensed health food store, café and Organic grocer. Quality fitout and excellent presentation featuring serving area, customer seating, offices, customer and staff toilets, storeroom and access via rear lane way for two rear car parks with carport. ( 198sqm approx. shop size)

Terms of Lease
- 5 years ( commenced 11th November 2021)
- $42,000 annual payment plus GST and outgoings payable by Tenant
- 3% fixed yearly increases with market review at end of each term
- 2 further terms of 5 years each

Surrounded by other quality local and National retailers. Other factors to consider is the huge demand for retail space in a booming growth area with population planned to double in the next 10-15 years
To be sold at Auction, 10% payable with flexible settlement period. More information available upon request.

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

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School catchments

  • Our Lady of Mount Carmel School Primary Prep-6 Catholic 0.59km
  • Sunbury West Primary School Primary Prep-6 Government 1.7km
  • Sunbury Primary School Primary Prep-6 Government 1.8km
  • Kismet Park Primary School Primary Prep-6 Government 1.8km
  • St Anne's School Primary Prep-6 Catholic 1.9km

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

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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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