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.
PRIME INVESTMENT WITH HUGE UPSIDE - 3 retail shops fully leased - First floor office on a short term tenancy - Potential rent: $131,542 pa (approx.) + o/g’s - Combined frontage of over 55 m - Land area: 760 sqm (approx.) - Commercial 1 Zoning
Stratigic Freehold Investment With Excellent Exposure - Land Area: 206m2 plus rear access - Total Rent: $80,870 per annum plus GST - Fully leased building over 2 levels plus rear yard. - Strong foot traffic precinct - Excellent Signage Exposure - Outstanding opportunity to acquire prominent Bayside Freehold situated within highly sought after Bay Street Shopping precinct and surrounded by quality occupiers including, 7/11, Brighton Carpets, Coles Supermarket, Brighton Hotel, and numerous established eateries and retailers. - Exceptional land bank opportunity with long term re-development potential ( STCA).
Invest, Occupy or Develop Positioned at one of Brighton's most prominent corners, these two single level retail buildings are perfect for investors looking for a quality investment and for developers looking to capitalise on a booming local market.
This is one of the last corner sites not developed in Brighton which offers great future potential. In summary its key attributes are as follows:
* Charming single level building comprising two shops * Total site area: 401sqm (approx.) * Commercial 1 zoning - flexible for retail, office and residential above * Frontages to Martin Street and Asling Street totaling 47 me...