This commercial property on offer presents a fantastic investment opportunity with a current lease in place, generating an annual income of $26,740.48. The current lease is set to expire on 15th of February 2027, providing a secure income stream for the foreseeable future. Additionally, the property boasts three options for renewal, each spanning three years, offering both the tenant and potential buyers flexibility and long-term stability. The premises features a well-equipped kitchen and prep area, an administration office, and two storage areas, catering to a variety of business needs. With a new roof and recent refurbishments, the property is in excellent condition, ensuring minimal maintenance costs for the new owner. Furthermore, the rear access for shop owners adds convenience and accessibility. With a gross yield of 5.689% and approximately 223m2 of space, this property represents a solid investment with promising returns and potential for growth. Don’t miss out on this opportunity to secure a lucrative asset in a prime location!
For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist, or call us on (03) 5144 4333
