77 Stud Road Bayswater VIC 3153

Appleby Commercial is pleased to present to the market this exciting investment opportunity for sale. Located on Stud Road, the property is a 2-level brick constructed commercial building which is securely leased on both levels. The site also offers future development potential STCA. With a high profile location on Stud Road within a fully occupied local shopping strip, Appleby Commercial recommends all investors seriously consider the opportunity this property has to offer.

PROPERTY ATTRIBUTES
- Land area 190m2
- Lot 1 ground floor building area 115m2
- Lot 2 first floor building area 115m2
- Rear parking
- Located in a strip group of shops with easy Eastlink access
- Two quality long standing tenants (15 years ground floor and 4 years first floor)
- Total annual rental of $46,400

LEASE DETAILS
- Ground Floor - Hairdresser 
- Rental: $23,400 & outgoings per annum
- Term: 3 years commencing 8th July 2022
- Further Terms: 3 years 
- Annual Increases: CPI & market at lease renewal
- First floor - Draftsman
- Rental: $23,000 & outgoings per annum
- Term: 3 years commencing 1st July 2022
- Further Terms: 3 years 
- Annual Increases: CPI & market at lease renewal

For further information or to arrange an inspection contact Appleby Commercial.