Main Road Inner City Building With Development Potential

For Sale - 417-419 Mt Alexander Road, Ascot Vale

Investment opportunity, Development/Land (Offices, Retail, Showroom, Medical, Residential), Offices, Retail, Showroom

Overview

Property ID: 15993
Price: Contact Agent
Rent: $60,777 (ex. GST)
Building: 320m²
Land: 320m²
Zoning: Commercial 1 Zone

Description

Versatile commercial building providing current rental income and potential future development opportunity is now available for sale.

Situated on Commercial 1 zoned land, the 320m2* single level property features a light filled open plan showroom with a frontage of 12m* to Mt Alexander Road complimented by staff amenities with shower, storeroom and rear laneway access via Bank Street to lock-up garage.

- Current income: $60,777.36 per annum plus outgoings
- Expiring 31st January, 2021
- Potential to occupy earlier by agreement

This main road property is located 5.5km* from Melbourne CBD and is well serviced by an array of public transport options with the No. 59 Tram at its doorstep and Ascot Vale Train Station 600m* from the site. This ideal location is further enhanced by a diverse range of cafe's, restaurants and retail shops all within walking distance of the premises.

For further information or to inspect, please contact CVA Property Consultants.

*Approx.
Pricing excludes GST

Additional Info

Features
Tenancy99 Bikes Pty Ltd
Lease Term5 years and 9 months
Commenced1st May 2015
Rent ReviewAnnual 3%
Bond/GuaranteesNil
Outgoings PayableBy lessee as per lease
Air ConditionerYes
AvailabilityUpon settlement
Car Parking FeesNil
Car SpacesRear on-site parking
ConditionExcellent
FloorsConcrete
Height4m*
LiftsNo
Permits IssuedNo
Roller DoorsYes
SprinklersNo
ZoningCommercial 1 Zone
Outgoings
Owners’ CorporationTBA
Council RatesTBA
Water RatesTBA
Land TaxTBA

Agent Details

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