Essendon North Investment

Sale Details

Sold on 17 Nov 2017

Description

All New 3 Year Lease.
Leased to established hair salon since 2009, this well presented investment offers main road frontage to busy Keilor Road Essendon North.

Lease Summary
- Commencement Date: 1st August 2017
- Current Rental: $22,639.00
- Term: Three (3) years + Three (3) years
- Reviews: Annual CPI

Tenant details
- Niagara Hair established at the property in 2009
- Creative Hair Salon specialising in Bridal, colouring and styling

The property features;
- Building area - 54m2*
- 2 car spaces onsite
- Exposure to Keilor Road

The Edge is an architecturally designed commercial building located on the corner of Keilor Road and Berry Street. Each floor comprises kitchenettes, separate male and female amenities and dual lift access. Serviced by excellent public transport with the No. 59 tram at the doorstep and the No. 477 & No. 483 bus lines running along Keilor Road.

Opposite major retail tenants including McDonalds, KFC, 400 Gradi and Hey Jude Cafe. Surrounded by an abundance of multi-level apartments and benefiting from 15,000* cars passing daily.