Maximum Exposure Investment To Established Tenant!

Sale Details

Sold on 21 Sep 2017

Description

CVA Property Consultants are pleased to offer the opportunity to purchase a premium retail investment by way of Public Auction on Wednesday the 20th September 2017 at 12pm on site.

Currently leased to Zeev Kitchens Pty Ltd since 2012 on a recently renewed lease, the investment offers;

- Rental Return: $72,161.15 per annum + outgoings and GST
- Tenant: Zeev Kitchens Pty Ltd
- Lease Term: Five (5) year lease + Five (5) year option
- Commencement: 15th October 2017
- CPI annual increases
- Tenant in occupation for the last 5 years

The property features;

- Total Building area: 230m2*
- 4 allocated car spaces (2 either side of property)
- Air-conditioning and heating
- Prominent whole building signage and exposure to Princes Highway, Springvale Road, and Centre Road
- Total daily average passing vehicle traffic across Centre Rd, Springvale Rd and Princes Hwy is 94,000 on average per day (Vic Roads Data 2016)
- Dual access that will cater to 2 tenancies in future if required

The property is situated on one of Melbourne's busiest intersections and is 26km* from Melbourne's CBD.

*approx.