Main Road Inner City Building With Development Potential

For Sale - 417-419 Mt Alexander Road, Ascot Vale, VIC 3032

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

Overview

Property ID: 15993
Price: Contact Agent
Rent: $60,777.36 (ex. GST)
Building: 320m²
Land: 320m²
Zoning: Commercial 1 Zone

Description

This versatile commercial building providing current rental income and potential future development opportunity.

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, please contact CVA Property Consultants.

*Approx.
Pricing excludes GST

Additional Info

Features
Age N/A
Condition Excellent
Occupancy Tenanted: 99 Bikes Pty Ltd
Suitable Development N/A
Permits Issued No
Availability Upon settlement
Lease Term 5 years and 9 months
Rent Review Annual 3%
Commenced 1st May 2015
Bonds / Guarantees Nil
Car Spaces Rear on-site parking
Car Parking Fees Nil
Height 4m*
Roller Doors Yes
Air Conditioning Yes
Floors Concrete
Sprinklers No
Wheelchair N/A
Lifts No
Outgoings
Outgoings Payable By lessee as per lease
Water Rates TBA
Owners Corp. / Insurance TBA
Other Charges N/A
Council Rates TBA
Land Tax TBA

Agent Details

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