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929 Centre Road & 2A-B, 2C Mackie Road
Bentleigh East VIC 3165
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Sold on 19 Jan 2023

929 Centre Road & 2A-B, 2C Mackie Road Bentleigh East VIC 3165

  • Shop & Retail
  • 245 m²
  • Sold

Superb Corner Investment with Brand New 5 Year Leases

  • Massive corner with 51m approx. frontage
  • Two High Quality Tenants
  • Three Titles Offered as a Whole

This corner property consists of three adjoining shops with a combined land area of 252m2 approx. with a massive street frontage of some 51 metres approx.

The property is leased to two superb established tenants, the ever-popular Saul's Diner as well as DTAX Solutions, with a combined lease of $100,772 per annum plus GST and outgoings.

The three shops have a combined building area of 245m2 approx.

Summary of leases:

Tenant: Time and Place Carnegie Pty Ltd trading as Saul's Diner
Current Rent: $84,872.00 per annum + GST + outgoings
Lease term: 5 years
Lease commencement 15th June 2022
Option: Two (2) further terms of five (5) years
Rent Review: 3% annually with a market review at the commencement of further terms

Tenant: Dtax Solutions Pty Ltd
Current Rent: $15,900 per annum + GST + outgoings
Lease term: 3 years
Lease Commencement: 5th February 2022
Option: 3 Years
Rent Review: 4% annually with a market review at the commencement of further terms

Commercial 1 zone.

Amazing corner location with rear laneway access, providing unbeatable exposure, future flexibility and further sub divisional potential.

Busy neighbourhood village retail strip in affluent suburb offering strong future capital growth prospects.

Property Highlights

Date Sold19 Jan 2023
Floor Area245 m²
Land Area252 m²
Energy0-star NABERS Energy rating
ParkingAsk Agent
Property ID2018214110
Category
Last updated  2 Feb 2023
Map for 929 Centre Road & 2A-B, 2C Mackie Road Bentleigh East VIC 3165

Property Highlights

Date Sold19 Jan 2023
Floor Area245 m²
Land Area252 m²
Energy0-star NABERS Energy rating
ParkingAsk Agent
Property ID2018214110
Category
Last updated  2 Feb 2023
Suite 2, Level 6, 330 Collins Street Melbourne VIC 3000

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