Generous Frontage Opposite - IGA Supermarket Entrance!

Sale Details

Sold on 20 Nov 2018

Description

CVA Property Consultants are pleased to offer this retail investment opportunity for Private Sale.

An excellent corner position retail property opposite the main supermarket entrance within the busy North Ringwood Shopping Centre. A discount variety store has been operating in this property for approximately 18 years, and the current tenant recently renewed their 5 year lease term from 1st May 2015.

Situated among well known businesses including Ritchies Supa IGA supermarket, Dominos Pizza, Bakers Delight, Anytime Fitness and the ANZ bank.

- Tenant operating as Penny Lane Discount Variety Stores
- Rental $65,232.00 per annum Gross (Estimated $52,800.00 per annum net rental)
- Lease 5+5 years
- Commenced 1st May 2015.
- Opposite Ritchies Supa IGA Supermarket main entrance.

This highly demanded shopping centre is prominently situated at 204 Warrandyte Road corner Oban Road, Ringwood North, approximately 25 km* North East of the Melbourne Central Business District.

* approximately