Colliers is pleased to present to the market For Sale 190 High Street, Belmont by Auction on Thursday 2 May 2024 at 12pm (AEST) on-site.
190 High Street presents as an outstanding investment providing the astute investor with the opportunity to add a nationally recognised tenant to their investment portfolio. Offered with a five year lease and annual increases aligned to CPI, the current property rent is $140,000 per annum plus GST and outgoings, making it an opportunity not to be missed.
The prominent location of the site is underpinned by its dual street frontage to High Street and Roslyn Road providing exceptional exposure and visibility making it an attractive development site in the future. Further to this, the property is surrounded by key businesses which include Aldi, Auspost, Coles and Commonwealth Bank to name a few.
190 High Street comprises of a substantial 1,196 square metres* of Commercial 1 zoned land providing an array of development opportunities (STCA) to support Belmont's growth into the future. Offered with a secure five-year holding income, this is an outstanding opportunity for developers to acquire an income whilst planning for the future.
Magic Hand Carwash started its journey as a small family business in Melbourne during 1994. Since then, the business has grown to become a nationally recognised franchise providing a network of car washes across Australia including branches in Western Australia, Queensland, Tasmania, and Victoria with a tally of more than five million cars washed.
Key Features:
• Land Area: 1,196 square metres*
• Build Area: 250 square metres*
• Five-year lease to Magic Hand Car Wash
• Rent $140,000 per annum plus GST and outgoings
• Secure holding income with development potential
• 89m* of frontage provided by way of dual street frontage
• Corner block providing premium exposure
• Subject to approximately 11,000 passing vehicles daily**
Don't miss the chance to secure this Belmont gem!
For more information or to arrange an inspection, please contact Collier's listing agents below:
Ben Young | 0407 296 679
Chris Nanni | 0438 306 361
Jackson Carrick | 0428 879 994
*Approx.
** Gapmaps
