HIGHLY SOUGHT AFTER - INVEST NOW AND OR OCCUPY LATER

Ray White Commercial Preston is pleased to offer for sale 241 Stud Road, Wantirna South:

- Long established and very tightly held, thriving Studfield is home to a number of well regarded tenants including IGA, Cellarbrations, Brumby's Bakery, Australia Post, H & R Block, Ray White, Professionals, Barry Plant and Pharmasave Pharmacy
- Leased to an established restaurant "Straights Malaysian Cafe" who have been running for 20 years
- 5 years lease term expiring on 7 November 2028, with no further options.
- INVESTORS NOTE:
- THE TENANT IS WILLING TO COMMIT TO A FURTHER 5 YEAR LEASE WITH 3 FURTHER OPTIONS OF 5 YEARS
- Original Lease commencing on 7 November 2005
- Current Rent $70,229 net per annum, plus GST
- Annual Rent Increase fixed at 3%
- Excellent main road location with exposure to thousands of cars daily
- Rare opportunity suited to owner occupiers and investors
- Ample public car parking options surrounding the property
- Excellent access to network of arterial roads including Burwood Highway, Eastlink, Boronia Road and High Street Road
- Convenient public transport facilities nearby
- Land area 187 sqm approx

Important Update:
From 1 July 2024, the State Revenue Office offers eligible buyers of commercial and industrial properties the option to pay stamp duty upfront at settlement or spread payments over 10 years.

For further information or to arrange an inspection contact:
John Kalpakis 0412 500 250
john.kalpakis@raywhite.com
Mitchell Kalpakis 0428 761 735
mitch.kalpakis@raywhite.com
Selena Peng 0424 267 082

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.

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Explore the area

School catchments

Templeton Primary School Primary Prep-6 Government 0.67km
Regency Park Primary School Primary Prep-6 Government 0.73km
Wantirna College Secondary 7-12 Government 0.90km
St Luke's School Primary Prep-6 Catholic 0.92km
Knox Central Primary School Primary Prep-6 Government 1.2km
Wantirna South Primary School Primary Prep-6 Government 1.4km
St Andrews Christian College Combined Prep-12 Independent 1.6km
Bayswater West Primary School Primary Prep-6 Government 1.6km
Holy Trinity School Primary Prep-6 Catholic 1.9km
The Knox School Combined Prep-12 Independent 1.9km
Bayswater South Primary School Primary Prep-6 Government 2.0km
Fairhills High School Secondary 7-12 Government 2.1km
Yea High School-Chinese Community Centre Secondary Government 2.1km
Wantirna Primary School Primary Prep-6 Government 2.1km
Fairhills Primary School Primary Prep-6 Government 2.4km
Bayswater Primary School Primary Prep-6 Government 2.6km
Heathmont College Secondary 7-12 Government 2.6km
Our Lady of Lourdes School Primary Prep-6 Catholic 2.6km
Knox Gardens Primary School Primary Prep-6 Government 2.6km
Waverley Christian College Combined Prep-12 Independent 3.1km
Bayswater Secondary College Secondary 7-12 Government 3.1km
Scoresby Secondary College Secondary 7-12 Government 3.1km
Urban College Secondary 10-12 Independent 3.5km
SEDA College (Victoria) - Jubilee Park Secondary Independent 4.1km
Vermont Secondary College Secondary 7-12 Government 4.1km
Aquinas College Secondary 7-12 Catholic 4.2km
Boronia K-12 College Combined Prep-12 Government 4.3km
Ringwood Secondary College Secondary 7-12 Government 4.9km

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.

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