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Savills is delighted to offer for sale this boutique retail investment opportunity located at 1033 Mt Alexander Road, Essendon.
The property holds an ideal position within a popular retail village and hosts strong investment fundamentals with strong income and new lease to a long-standing tenant who has been operating for 20 years +.
Key attributes of the property include:
• Ideal two level 172sqm* retail freehold
• Prime 152sqm* landholding with rear access & on-site parking
• Open plan two level retail shop with bathroom & kitchen amenity, storage and on-site parking
• Leased to longstanding tenant “La Dee Dah” in operation for 20 years +
• Returning $65,988 p.a + GST & outgoings on a 3 + 3 year lease with fixed 4% annual increases
• Prime position within a popular northern retail village surrounded by several long standing tenants
• Highly accessible position with immediate access to tram 59 providing direct CBD access
*Approximate
For Sale by Auction Wednesday 10 September at 12:30pm on-site
For further information please contact:
James Latos - 0422 604 900
Julian Heatherich - 0412 995 655
Beau Bakhtani - 0412 159 038
Remember to mention you found this property on CommercialReady
Savills is delighted to offer for sale this boutique retail investment opportunity located at 1033 Mt Alexander Road, Essendon.
The property holds an ideal position within a popular retail village and hosts strong investment fundamentals with strong income and new lease to a long-standing tenant who has been operating for 20 years +.
Key attributes of the property include:
• Ideal two level 172sqm* retail freehold
• Prime 152sqm* landholding with rear access & on-site parking
• Open plan two level retail shop with bathroom & kitchen amenity, storage and on-site parking
• Leased to longstanding tenant “La Dee Dah” in operation for 20 years +
• Returning $65,988 p.a + GST & outgoings on a 3 + 3 year lease with fixed 4% annual increases
• Prime position within a popular northern retail village surrounded by several long standing tenants
• Highly accessible position with immediate access to tram 59 providing direct CBD access
*Approximate
For Sale by Auction Wednesday 10 September at 12:30pm on-site
For further information please contact:
James Latos - 0422 604 900
Julian Heatherich - 0412 995 655
Beau Bakhtani - 0412 159 038
Remember to mention you found this property on CommercialReady
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