19 Hotham Street Cranbourne VIC 3977

Shop & Retail
112 m²
Sold

INVESTMENT WITH LONG-TERM LEASE | OVER 5% NET RETURN

Stand-alone retail investment
Brand New 5 + 5 + 5 Year Lease
Six (6) month Security Bond

Ray White Commercial Oakleigh is excited to present 19 Hotham Street, Cranbourne to market by way of Private Sale

Leased to Gami Rasa, which is a popular and authentic Sri Lankan restaurant with a high star rating from over 200 Google reviews, this stand-alone retail investment also benefits from having a 7.6m* frontage along with ample customer parking and private on-site parking accessible via a R.O.W.

The property has future add-value potential (STCA) with other properties in the strip already having been developed along with the neighbouring property (17 Hotham St) being approved for a three (3) storey development.

Situated in a thriving local commercial shopping strip, the property is accessible via the South Gippsland Highway (700m* away) and public transport close by with Cranbourne Station only 850m* away and the nearest bus stop a short 500m* walk.

Enjoy the comfort and security of having an established Tenant with a brand-new long-term lease!

Property Features:

• Total building area | 112m2*
• Total land area | 227m2*
• Brand New 5 + 5 + 5 year lease (commenced March 2022)
• Returning $35,760.00 p/a plus GST & Outgoings
• 3% Fixed Annual increases
• Six (6) months security bond
• Future value-add potential (STCA)
• Commercial 1 Zone (C1Z)

For further information, don't hesitate to get in touch with one of the exclusive marketing agents:

Simon Liang | 0451 954 318
Ryan Amler | 0401 971 622

*All areas and figures are approximate only. All boundaries are indicative only. All precautions have been taken to establish the accuracy of all information provided, but this does not constitute any representation by the Vendor or Agent.