Premium Retail Investment With Enormous Upside Savills is delighted to offer for sale this magnificent retail investment in an incredibly highly sought after retail location at 86-90 Main Street, Greensborough. This super prime property has the benefit of abundant future development upside, with nearby height precedent set for mixed use projects of up to 7 levels. The key attributes of this fantastic property include:
- Three adjoining fully leased shops with longstanding tenants
- Total building area of 350sq m* + 10 car parks
- Prominent retail frontage to Main Street plus rear access
- Current Net Rental: $130,240 per annum*
EXCELLENT INVESTMENT Freehold shop for sale subject to the existing lease. Shop approximately 108m² and rental currently returning $34,070 per annum with annual increases at 4% and tenant paying outgoings and GST.
Leased commenced November 16, 2015 for 5 years with three further terms each 3 years. Neighbourhood shopping centre with an abundance of car parking opposite.
NOTE BUSINESS NOT BEING SOLD
INSPECT STRICTLY BY APPOINTMENT WITH AGENT
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OUTSTANDING LAND BANK OPPORTUNITY Enjoying frontages to three streets. The land is zoned Commercial 1 and at the rear Neighbourhood Residential. 1380m² of prime land and includes retail premises of almost 300m² returning almost $80,000 per annum + GST + outgoings. Opportunity down the track to redevelop in this extremely convenient shopping precinct within 100 metres or thereabouts of the railway station.
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