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Shop 8 & 12, 176 Elevation Boulevard, Craigieburn, VIC, 3064

2. Property Highlights

Affordable Set & Forget Investments With Long Leases & Fixed Annual Growth

Stonebridge Property Group is pleased to offer for sale Shop 8 & 12, 176 Elevation Boulevard, Craigieburn (Aston Village).

The key highlights of the separate opportunities include:

Shop 11:

- Leased by Authentic Spices of India, a boutique Indian grocery store which has built up a strong local following

- 7-year net lease with favourable 4% fixed annual increases (ensuring fixed income growth)

- Well-exposed 75 sqm* retail space with favourable tenant signage

- Providing annual income of $48,672* + GST + Outgoings^

- Aston Village provides a high level of customer convenience with complementary on-site car parking (50 spaces) & surrounding ‘free’ council car parking.

Shop 12:

- Leased to Aston Falafel, a highly regarded restaurant boasting a 4.9 star Google review

- The modern restaurant strategically offers a dine in and takeaway food service

- Providing annual income of $48,377* + GST + Outgoings^

- Vendor favoured 10-year net lease with fixed increases of 3%

- The shop forms part of Aston Village, a strategically located retail centre positioned in Craigieburn's 'Southern Activity Centre'

Location:

- The position benefits from nearby public and private amenity, notably the $26m Elevation Secondary School (100 m*), Craigieburn Football Oval (60 m*), Aston Fields (115 m*) and two Childcare Centres (within 100 m*)

- Craigieburn forms part of the booming City of Hume – one of Australia’s fastest growing communicates with forecast 53% population growth by 2041

*Approximate

^ Income as 30th June-23

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Nic Hage

0448 782 594

Rorey James

0439 400 081

Sarah Xi 席子棠

0468 320 297

Property Code: 612

Remember to mention you found this property on CommercialReady

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3. Property Location

Shop 8 & 12, 176 Elevation Boulevard, Craigieburn, VIC, 3064

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4. Due Diligence

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  • Site Summary
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Shop 8 & 12, 176 Elevation Boulevard, Craigieburn, VIC, 3064 Craigieburn
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