Nichols Crowder is delighted to offer to the market via Private Sale, two (2) high profile shops being sold as one, situated on a boutique shopping strip amongst other fantastic local retailers, on the busy East Boundary Road.
This premier freehold opportunity provides investors with the rare chance to acquire two long term tenants who have been operating in this location for a substantial period of time with loyal customers and more importantly, excellent lease terms.
SHOP 1
* Leased to East Boundary Road Lotto
* Five (5) year lease in place
* Lease expires 15th May 2026
* Option: One (1) further option of five (5) years
* Rent: $23,180* per annum plus outgoings (excluding Land Tax)
* Annual fixed increases of 3% during lease
SHOP 2
* Leased to Bentleigh Wine Store
* Brand new eight (8) year lease
* Lease expires 1st April 2031 - unheard of!
* Option: One (1) further option of eight (8) years
* Rent: $58,844* per annum plus outgoings (excluding land tax)
* Annual fixed increases of 3.5% during lease
Other key features include:
* Total Net Income - $82,024 Per Annum
* Substantial site area: 409sqm*
* Rear road access
* Excellent frontage of 11.58m*
* Situated on the East Boundary Road Shopping Strip in one of the most booming South East residential suburbs in East Bentleigh
* Strong passing traffic down Boundary Road and excellent customer parking out the front
* This strips benefits hugely from Valkstone Primary School, McKinnon Secondary College and GESAC Leisure Centre all being within walking distance from here
* Great future residential development opportunity (STCA)
For further details or to arrange an inspection please contact:
James Glen 0401 493 277
Matt Nichols 0418 186 488
PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright. Unauthorised use is strictly prohibited.
