AUCTION: WEDNESDAY 5 OCTOBER AT 12 NOON ON SITE
Located on the corner of Nepean Highway and Gardenvale Road in the 'Golden Mile', this two storey building has undergone refurbishments and is now fully tenanted, with new leases providing solid income for the savvy investor.
The property offers following investment attributes:
* Total rental of $88,819 per annum (plus GST)
* Three tenancies: hair dresser, massage therapy and media company
* Annual rent increases, all tenants paying usual outgoings (excluding shop 2)
* Long term leases on varying terms
* Total building area of 280sqm (approx.)
* All destination tenants - ideal for this high profile building
* Long term holding - trophy investment for your portfolio
* Enormous combined frontage 36.57m approx
* Future potential for outdoor signage (STCA)
* One of the most prominent buildings on Nepean Highway
The property, which has amazing exposure both ways to approximately 80,000 cars passing daily, has great customer car parking in the service lane and sits on an iconic part of the highway.
Gardenvale Train Station is a two minute walk away as are major aterials North Road, Kooyong Road & Beach Road allowing easy access into the city and the beach.
Open for Inspection:
Wednesdays at 12noon
For further information, contact:
JAMES GLEN - 0401 493 277
jamesg@nicholscrowder.com.au
JULIAN VAUTIN - 0420 406 660
julianv@nicholscrowder.com.au
NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated.
