SUIT CIRCA $500,000 BUYERS
*Auction Thursday 27th October from 12 pm onsite*
An incredibly rare opportunity to secure four shops (three adjoining) all on separate titles to be offered individually or combined.
+Located within a tightly held local shopping strip - 3 individual neighboring shops plus 1 corner property
+Commercial 1 Zone landholding over four (4) titles
+Rear access for all & on-site parking for 3 of the 4 properties.
+Four (4) separate tenancies on varying lease terms providing a diverse annual income of $81,168* + GST + Outgoings
+A well-exposed & strategic land holding, in close proximity to Toorak Road, Deakin University, Burwood shopping precinct anchored by an IGA, Chemist Warehouse, banks, and retail amenities.
+ Suitable for owner occupiers, investors, and developers (upon expiry of leases) STCA
*Approx.
PROPERTY HIGHLIGHTS:
2B CROMWELL STREET, BURWOOD
Tenant: Hairdresser
Land Area: 112sqm*
Building Area: 55sqm*
Rental: $19,500p.a. NET + GST
Lease Term: Three (3) Years commenced 1st Nov 2022
Option: One (1) Further Term of Three (3) Years
Increase & Review: 3% Annual Increase & Market Review at Option
2C CROMWELL STREET, BURWOOD
Tenant: Window Furnishings
Land Area: 115sqm*
Building Area: 55sqm*
Rental: $20,000p.a. NET + GST
Lease Term: Three (3) Years commenced 1st Jun 2022
Option: One (1) Further Term of Three (3) Years
Increase & Review: 3.5% Annual Increase & Market Review at Option
4A CROMWELL STREET, BURWOOD
Tenant: Bakery
Land Area: 115sqm*
Building Area: 55sqm*
Rental: $19,668p.a. NET + GST
Lease Term: Three (3) Years commenced 22nd Jan 2022
Option: Month-to-Month
4C CROMWELL STREET, BURWOOD
Tenant: Café
Land Area: 113sqm*
Building Area: 75sqm*
Rental: $22,000p.a. NET + GST
Lease Term: Five (5) Years commenced 1st Jun 2022
Option: One (1) Further Term of Five (5) Years
Increase & Review: CPI Increase & Market Review at Option
Please contact Benjamin Klein 0433 047 000 or Raoul Salter 0418 335 432 to book an inspection or for any further information.
