Tightly Held Retail Investment - First Time Offered in over 20 Years!
Property ID 1927685Ray White Commercial is delighted to offer this fantastic retail investment opportunity right in the heart of the lively Springvale Road retail strip.
• Total land area | 131m2 approx.
• Total building area | 110m2 approx.
• Current Rental | $60,000 p/a + GST + Outgoings
• 5 + 5 year lease commenced July 2018
• Fixed annual increases of 3%
• Future Development Potential (STCA)
• Commercial 1 Zone (C1Z)
With a Brand New 5 + 5 Year Lease in place, this incredible investment property also benefits from immense exposure to busy Springvale Road and is surrounded by high profile National businesses including Chemist Warehouse, BWS, Woolworths & most Major Banks.
Conveniently located only a couple doors from Springvale Rise Primary School & less than 400m from the recently re-developed Springvale Train Station, this will certainly appeal to any astute investor!
George Kelepouris 0425 798 677
Theo Karkanis - 0431 391 035
Due diligence checklist - for home and residential property buyers