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SOLD
Florist, 123-127 High Street, KANGAROO FLAT, VIC, 3555
Tenanted Investment
DETAILS
Entry Level Freehold Investment with Upside
  • Brand new 5 year lease to 2025
  • Fixed 5% annual increases
  • 50% Stamp Duty Savings

+ Brand new 5 year lease to 2025 plus 5 year option to 2030.

+ Lease to John’s Flower Box, experienced operator in business for over 30 years.

+ Fixed 5% annual increases.

+ Tenant pays usual outgoings.

+ Substantial 899sqm landholding with future upside & expansion opportunities (STCA).

+ Recently fully refurbished building with large 17 metre dual street frontage.

+ Prominent location, surrounded by national businesses such as Aldi, Chemist Warehouse, Australia Post, McDonalds and KFC.

+ Minimum management investment.

+ Additional income from CBA ATM lease to 2022 plus option to 2025.

+ City of Greater Bendigo: Victoria’s largest inland city with a current population of 121,349 and forecast to grow to over 155,000 by 2041.

+ Net Income: $39,033 pa + GST.

For Sale by Investment Portfolio Auction

11AM (AEDT) Wednesday 24 February 2021

Remember to mention you found this property on CommercialReady.com.au

PROPERTY SUMMARY
For Sale:
Price on Request
AUCTION DATE:
24 Feb 2021 11:00AM
FLOOR AREA:
178 m² (*approx)
Land Size:
899 m² (*approx)
Type:
Offices, Retail, Other, Strip Retail, Strip Retail
Tenanted Investment:
Entry Level Freehold Investment with Upside
LOCATION
Property Map
FOR SALE PROPERTIES IN THE AREA
SOLD PROPERTIES IN THE AREA
AGENCY DETAILS
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