Retail Investment - Brand New Lease to an Optometrist

Sold - Shop 26/204 Warrandyte Road, Ringwood North

Investment opportunity, Retail

Sale Details

Sold on 17 Nov 2017

Building Area 92m²

Overview

Sale History ID: 29281
Property ID: 13972
Advertised Price: Contact Agent

Description

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

A brand new lease 6 + 5 + 5 year lease is a feature of this well positioned retail property, operating as Eyeplus Pty.Ltd and situated at the mall entrance to the thriving North Ringwood Shopping Centre anchored by Ritchies Supa IGA supermarket, Dominos Pizza, Bakers Delight, Anytime Fitness, ANZ and Commonwealth Banks.

- Tenant operating as Eyeplus Pty.Ltd.
- Rental $52,000.00 per annum (net)
- Lease 6+5+5 years
- Commenced 20th August 2017
- The tenant is currently undertaking an extensive fitout including a new bathroom, within the tenancy.

This sought-after 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. The location features an established residential population and is 2.5kms* from Eastland Shopping Centre, Ringwood Public Transport hub and Ringwood Bypass / Eastlink.

Inspections available by appointment through exclusive sole agents.

* approximately

Additional Info
Features
TenancyEyeplus Pty.Ltd.
Lease Term6 years with 2 further terms of 5 years
Commenced20th August 2017
Rent Review3% annual increases, Market at options
Bond/Guarantees$14,300 and personal guarantees
Outgoings PayableBy Tenant
Car Spacesample within centre
Wheel Chair AccessYes
ZoningCommercial 1
Outgoings
Agent Details
CVA Property Consultants - Stan Dawidowski

Stan Dawidowski

M | 0400 448 755
T | (03) 9623 2556
E | [email protected]

CVA Property Consultants - Ian Angelico

Ian Angelico

M | 0418 336 088
T | (03) 9623 2578
E | [email protected]