Prime Retail Investment with Upside!

Sale Details

Sold on 12 Jun 2015

Description

CVA Property Consultants are pleased to offer for the first time in 60 years the opportunity to secure this main road retail investment. Located on Whitehorse Road in the heart of the retail strip of Balwyn with the 109 Tram at your door step. Nearby traders include McDonalds, First Choice Liquor, Westpac, Bank of Melbourne and Safeway.

The property is leased to Thomas & O’Keeffe Interiors established in this location since 1957, for an annual rent of $60,350 per annum which commenced in October 2014 for a term of three (3) years + three (3) years.

Comprising two single level buildings of brick construction including a retail shop totaling 165m2 (approx) and 63m2 (approx) of storeroom. Other great features include two car spaces, rear right of way access and frontage to Whitehorse Road.

This attractive investment is conveniently located to both the Eastern and Monash Freeway and provides excellent public transportation options with trams under 150 metres (approx) from the property and trains less than 2 kilometres (approx).

Open for Inspection - Tuesday 2nd June 2015 at 11.30am.

Enquire today!

Auction – Friday 12th June 2015 at 12pm on site