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107 & 107C Plenty Road
Preston VIC 3072
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Sold on 7 Oct 2022

107 & 107C Plenty Road Preston VIC 3072

  • Shop & Retail
  • 120 m²
  • Sold, $750,000

HIGH YIELDING INVESTMENT - RETURNING OVER 5%

    • Prominent Café Shop And Dwelling
    • Leased to two (2) separate tenants looking happy to stay long term
    • Rare Investment Opportunity

    Key attributes:

    107 Plenty Road, Preston (Café)
    - Plenty road café corner position
    - Single story with kitchen as well as garage
    - Leased to long standing tenant of over 5 Years
    - Returning $27,600* per annum inc GST + Outgoings
    - Lease term: 4 year lease till 2025 with further 2x4 year option
    - CPI increases per annum
    - Excellent transport amenities nearby with Plenty Road (Tram 86) on your front door step and Bell Street Train Station.
    -Parklands close by

    107C Plenty Road, Preston (Studio)
    -1 bedroom studio
    -Kitchen
    -Returning $1303 per month on a 2-year lease with a fixed increase to $1521 on 12/5/2023.

    Total return =$43,000 approx plus outgoings

    Please contact Michael or David for further details.

    Property Highlights

    Date Sold7 Oct 2022
    Sold Price$750,000
    Floor Area120 m²
    Land Area120 m²
    Parking1 x Onsite parking
    Property ID2017884641
    Category
    Last updated  9 Oct 2022
    Map for 107 & 107C Plenty Road Preston VIC 3072

    Property Highlights

    Date Sold7 Oct 2022
    Sold Price$750,000
    Floor Area120 m²
    Land Area120 m²
    Parking1 x Onsite parking
    Property ID2017884641
    Category
    Last updated  9 Oct 2022
    84 Lygon Street Brunswick East VIC 3057

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