Investment Opportunity to National Retail Tenant!

Sold - 1A/38 Craigieburn Road, Craigieburn

Investment opportunity, Retail

Sale Details

Sold on 02 Sep 2016 for $1,450,000

Building Area 310m²
Rate $4,677 per m²
Yield: 5.51%

Overview

Sale History ID: 25734
Property ID: 11143
Advertised Price: $1,450,000

Description

This impressive retail premise is situated in busy Craigieburn Plaza occupying a total building area of 310m2* and comprises a frontage of over 10 metres*, benefiting from fantastic daily pedestrian traffic.

Currently leased to The Bottle-O Steve’s Liquor on a 4+4+4+4 year term from November 2015 and returning a rental of $80,000 pa +GST, this premium property is definitely one to add to your portfolio.

Bottle-O are independently owned and operated and have over 300 stores nationally (http://thebottle-o.com.au/).

Situated next door to Woolworths Supermarket, this large retail premise features a walk in cooler, storeroom and rear access with loading facility. Other key attributes include cooling and heating, suspended ceiling, floating floors and light fittings.

The property is amongst other well-known retailers within Craigieburn Plaza sharing car parking of approximately 300 car spaces. Additionally, Craigieburn Plaza provides excellent access to the Hume Highway/Craigieburn Bypass and other major arterials.


*approx

Additional Info
Features
TenancyThe Bottle-O Steves Liquor Warehouse Pty Ltd
Lease Term4+4+4+4 Years
Commenced29/11/2015
Rent ReviewAnnually to CPI
Bond/GuaranteesEquivalent to one months rent and Directors Guarantees
Outgoings PayableBy Lessee
Car Spaces300 common car spaces
ZoningCommercial 1 Zone
Outgoings
Agent Details
CVA Property Consultants - Leo Mancino

Leo Mancino

M | 0418 343 147
T | (03) 9623 2570
E | [email protected]

CVA Property Consultants - Anthony Carbone

Anthony Carbone

M | 0488 440 190
T | (03) 9623 2559
E | [email protected]