Main Street Retail Investment with Multiple Income

For Sale - 92-94 Main Street, GREENSBOROUGH, VIC 3088

Investment (Retail)

Overview

Property ID: 15328
Price: Contact Agent
Rent: $216,000 (ex. GST)
Building: 1022m²
Land: 616m²
Zoning: Activity Centre Zone

Description

CVA Property Consultants in conjunction with S8 Property are pleased to offer 92-94 Main Street Greensborough for private sale.

The 1,022m2* two level building plus basement of 210m2* is situated on a Activity Zoned land area of 616m2* enabling the potential for future re-development (STCA).

The property is ideally positioned within Greensborough's main retail strip across from the Greensborough Plaza which is home to more than 180 stores, anchored by Coles, Target and Hoyts Cinemas. The property further benefits from rear ROW access and ample public car parking at the rear of the premises.

Fully leased, this prime investment is returning a total of $216,000.00 p.a net generated by four tenancies on recently renewed leases.

Investment Summary
94 Main Street, Greensborough
- Floor area: 542m2*
- Tenant: La Porchetta
- Return: $144,000.00 p.a. net
- Term: Five (5) years plus two further terms of five (5) years
- Commencement: 23rd December 2018
- Reviews: Annual 3%

Suite 1, 92 Main Street, Greensborough
- Floor area: 305m2*
- Tenant: Pilates Studio
- Return: $42,000.00 p.a. net
- Term: Four (4) years plus two further terms of four (4) years
- Commencement: 1st September 2017
- Reviews: Annual CPI

Suite 2, 92 Main Street, Greensborough
- Floor area: 95m2*
- Tenant: Accountant
- Return: $15,000.00 p.a. net
-Term: Two (2) years and seven months plus two further terms of four (4) years
- Commencement: 1st February 2019
- Reviews: Annual CPI

Suite 3, 92 Main Street, Greensborough
- Floor area: 80m2*
- Tenant: Sculli Bros Pty Ltd
- Return: $15,000.00 p.a. net
- Term: Two (2) years and seven months plus two further terms of four (4) years
- Commencement: 1st February 2019
- Reviews: Annual CPI

For further information on this rewarding investment please do not hesitate to contact CVA Property Consultants or S8 Property.

*Approx

Pricing excludes GST.

Plans & Documents

Additional Info

Features
Occupancy Tenanted: Refer to Tenancy Schedule
Lease Term Refer to Tenancy Schedule
Rent Review Refer to Tenancy Schedule
Commenced Refer to Tenancy Schedule
Bonds / Guarantees Refer to Tenancy Schedule
Car Spaces Basement parking
Car Parking Fees N/A
Outgoings
Outgoings Payable By Lessee

Agent Details

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