Cars & Cafe Investment in Hallam
This property has so much to offer and is ideally positioned within Hallam's Eastlink Industrial Estate including direct street access and frontage to Wedgewood Road for both units and easy access to Monash Fwy and Princess Hwy. Dual rental incomes and a total of 16 private car spaces on title
The cafe is a well-established business located prominently on Wedgewood Road. The cafe has incredible exposure to passing traffic and includes an outdoor seating area and 9 car parking spaces. Returning $52,731.59pa. plus GST and Outgoings (allowing December rent review) on a 6 year lease with a further 6 years option. Annual rental increases of 3.5%.
The warehouse/showroom is leased to the renowned Zoom Garage. With multiple roller door access from the front and rear, a further bonus storage mezzanine area and an additional 6 car parks. Returning $41,808.96 including outgoings plus GST on a 4 year and 6 month lease with a further 4 year option. Annual rental increases of 4%.
Contact the office on 9793 4455 to discuss further.
For Sale by Auction Tuesday 1st December 2015 at 1pm on site.
