This is a fantastic opportunity for investors to acquire a solid retail investment with a brand new 10 year Lease to a strong national retailer.
We believe the most outstanding aspects of this property include:
- Long term Lease to National tenant 7-Eleven
- Brand new 10 year Lease plus Option
- Current Rental: $175,000 net per annum plus GST & outgoings
- Land area: 2,374sqm*
- Zoned Residential 1
- Long term future development potential (STCA)
- High exposure corner location with excellent access to Princes Highway
187-191 Clayton Road is currently utilized as a petrol service station/ convenience store plus car wash. The shop comprises of an open plan retail area with small office, storage area and amenities. Additional improvements include a large canopy over the petrol bowsers and a car wash with small canopy.
187-191 Clayton Road is located on the north western corner of Clayton Road and North Road.
The property is located approximately 20km* south east of the Melbourne CBD within the municipality of the Monash City Council. Clayton Road is a major arterial road that runs in a north/south direction from Mordialloc in the south.