Pier Street Perfection Premium Corner Investment with major upside!
- Corner Site of 566sqm approx.
- 4 separate titles offered as a whole
- 4 shops and rear parking with a combined building area of 350sqm approx.
- Combined annual rent $131,971.80 plus GST (note all leases expire in 2020 with no options)
- Significant development upside with enormous site flexibility (STCA)
- Strategic investment play with Altona offering exceptional capital growth prospects
Mixed Use Site with Potential Plus! A wonderful opportunity to acquire a piece of seaside Altona in a very much sought after location centrally located with easy access to schools, beach, public transport & all the amenities that Pier St has to offer. The property is currently mixed use - with a commercial operation facing Upton St and to the rear a separate residence with access via Ryan Lane. Both currently offering rental returns.
The residence itself consists of a large double bedroom, functional kitchen, bathroom with laundry facilities and separate WC. Also with rear carport for off street parking/pergola area with ...
It comes in threes IGA Supermarket Investment plus 2 adjoining shops to be sold as one.
Securely leased to longstanding quality businesses.
Total rent $295,000 (approx) plus outgoings.
1) IGA Supermarket (No. 10)
Rent $211,500pa (approx) + outgoings
Lease: 5 years + 5 years + 5 years + 5 years + 5 years
Reviews: Annually to CPI (to market at year 1 of option(s))
- Long established supermarket over 50 years
Gross building area: 1360sqm approx
2) Newsagency/Post Office (No 12)
Rent $52,804a (approx) + outgoings
Lease: 5 years + 5 years
Reviews: Annually to CPI (to market at year 1 of option)
FREESTANDING WAREHOUSE! Located in Williamstown industrial precinct with great access to Millers Rd, Kororoit Rd, Westgate Fwy and Melbourne Ports. This premises suits steel manufacturing, commercial builder or bulk storage.
Container high r/door.
Ample 3 phase power.
On-site parking or hardstand.
Open plan office with provision for more on first level.
Provision for a gantry crane (10t)
Security fence and gate.
Located in Williamstown Industrial precinct Stand-alone building Reception/Showroom Open plan office Kitchenette Amenities (on both levels) Electric security gate On-site parking Heating & cooling Data cabling and power points throughout Available now
Contact Richard Fry 0421 520 737 if you have any questions or to arrange an inspection