Rare retail investment with tax depreciation!
Don’t miss this blue chip opportunity to secure a two year new, sundrenched corner shop with generous street frontage to Glenhuntly and Manchester Grove.
Situated on the ground level of the iconic new development in Glenhuntly, the shop is well-positioned to fully capitilise on the growth of activity in the area. With Woolworths shopping centre just opposite and Glenhuntly shopping street along its side, this shop enjoys the traffic of both locally and surrounding suburbs.
• Near new building
• Annual imcome $ 37,000 net
• 3% increase annually
• Secure long term lease 5 + 5, first ye...
Shop And Dwelling Currently leased to popular Korean/American fusion restaurant ‘The More The Better’, this tasty offering presents a exceptional opportunity to those investors with a strong appetite for satiating their property portfolios. With a net rental return of approximately $55,000 per annum & a 5 x 5-year lease that commenced 1 April 2013, the premises comprise of a two-storey building with a shop/restaurant, commercial kitchen, restroom & a five-room dwelling that can be configured as a residence or home office set-up. A ROW car space at the rear is accessed via St Georges Road. The property enjoys a...
BRAND NEW FULLY LEASED RESTAURANT - NEXT TO CLASSIC CINEMA ELSTERNWICK Due for completion at the end of 2016, this retail tenancy is leased to the successful 48H-Pizza and Gnocchi Bar on a long term lease. The premises include a 3,000lt grease trap, ventilation and storage.
Located next to the popular Classic Cinemas and bustling Glenhuntly Road retail precinct, the development includes 48 luxury one and two bedroom apartments.
The lease commences on 1 February 2017 and extends for 5 years plus options for a further 10 years. Fixed 2.5% rent increases and good security further compliments this investment opportunity.