Gladstone Park Dual Shops for Sale Premier location at Gladstone park shopping centre. Double shop frontage at the front of the shopping centre.
- Location: Gladstone Shopping Centre near Melbourne Airport.
- Tenant: Furniture store for many years.
- Rental: $49,377.36 p/a. plus outgoing, 3% annual rent increase
- Lease: Oct 2018.
- Rental return to investors close to 6%.
- Floor area. 247 m² approx.
- All major banks and Australia Post in the shopping center
- Asking price. $850,000 to $930,000.
"Perfectly Positioned" GLADSTONE PARK SHOPPING CENTRE
* Area: 208sqm plus 50sqm outdoor (approx)
* Currently based to a secure tenant
* Outstanding investment opportunity
* Situated in a thriving retail shopping centre
* Property offers indoor & outdoor seating/Liquor license
* Commercial 1 zoning
LEASED INVESTMENT - NO GST PAYABLE! - Retail shop of 130 sqm. - 6 metre street frontage. - Long standing tenancy with secured lease. - Future Mixed Use redevelopment potential. - Rear access with ample surrounding parking. - Currently returning $29,400 pa (including outgoings). - Lease term: 4 years from 1.11.2014 with further 2 year option. - Increasing to $30,870 pa (including outgoings) on 1 November 2015. - Fixed 5 per cent annual increases. - Zoned Business One. - Land Area:180 sqm.