THE BIGGEST PEP IN YOUR PORTFOLIO STEP.
POINT OF INTEREST:
Kicking off this year off on the right foot by investing in a freehold retail property with an established tenant, down the road from the retail capital of Australia — Chadstone. The Foot and Ankle Clinic has proudly stood here since May 2020, paying almost $73,000 per annum for the pleasure. That lease term has plenty of miles left in it too, with another six years already agreed upon and further options on the horizon. The asset itself has air-conditioned consulting rooms, a well-appointed kitchenette, and high-quality finishes throughout. There’s also rear access with on-site parking (and additional available at the front door), making this a retail needle within a residential haystack. It’s a miracle find, but not difficult to find — Waverley Road is 300 m* away, Warrigal Road is 1.3 km*, and the Monash is 1.4 km*. On foot, the 612 bus is a short walk, while East Malvern railway station is 600 m* — making this a development opportunity that’s three steps ahead of the rest.
- Leased to My FootDr (Aust) Limited trading as The Foot and Ankle Clinic.
- Rental $72,699.58 p.a. + GST ($75,244.07 p.a. + GST from 8th May 2024).
- 10-year lease from 8th May 2020, plus 2 further 5 year options.
- 146 sqm* building area including 36 sqm* lower storage space.
- 186 sqm* Commercial 1 land area with rear access.
- 450m* direct access to Chadstone Shopping Centre.
- 750m* to Princes Highway.
- 1.4km* to Monash Freeway.
POINT OF VIEW:
An established tenant providing significant income and a location that has retail success built into its DNA. The only Achilles heel that will trip you up: Walking, not running.
*Approx.
Pricing excludes GST
Remember to mention you found this property on CommercialReady
