127 & 129 Maling Road Canterbury VIC 3126

Shop & Retail
96 m²
Sold

Two Classic Investment Freeholds with scope to further develop (STCA)!

127 129 Maling Road, Canterbury is situated on the north western side of Maling Road, in the heart of the Maling Road shopping precinct.

Ideally located, each property offers rear access and is zoned Business 1.

127 MALING ROAD, CANTERBURY:

• Lessee: Maison on Maling (Homewares and Furniture)
• Current Term: Three (3) years
• Commencement: 1 Sept 2008
• Expiry: 31 August 2011
• Option: Three (3) years
• Rent: $51,500 pa GST (from 1 Sept 09)
• Outgoings: All paid by tenant
• Reviews: Set annual increases
• Building Area: 96 sqm approx

129 MALING ROAD, CANTERBURY:

• Lessee: Wilson & Walsh (Gourmet Deli and Eatery)
• Current Term: Three (3) years
• Commencement: 1 May 2007
• Expiry: 31 April 2010
• Option: Three (3) years
• Rent: $47,000 pa GST
• Outgoings: All paid by tenant
• Reviews: Set annual increases
• Building Area: 96 sqm approx
• Land Area: 119 sqm approx
• Land Area: 119 sqm approx

This highly sought after boutique retail strip is characterised by its unique historical Victorian and Edwardian shops and cafes. This is an accessible location with Canterbury train station just a short walk away, extensive bus services within the surrounding area and major arterials including Canterbury Road, Whitehorse Road and Warrigal Road within easy reach.