1057 Riversdale Road Surrey Hills VIC 3127

Building Area: 110 sqm approx

Land Area: 300 sqm approx (6.1m x 50m)

Comprising: Shop leased as Milkbar
3 Bedroom dwelling
Kitchen
Bathroom
Rear Carpark

Zoned Commercial 1

Located in prestigious Surrey Hills opposite Wattle Park with a median 3 bedroom house price of $1,740,000.

Ideal for the astute investor or future renovation/re-development (s.t.c.a.) offering excellent rear access.

Currently Leased until August 2022 on a Five (5) Year lease that commenced 29/08/2017 with no further options.

Rent: $33,100.08 per annum increasing to $34,093.00 in August 2021.

Outgoings 100% payable by tenant.

Additional Income from the sign on the side of the building returning $2,052.88 per annum

Total building income $35,152.96 per annum increasing to $36,145.88 per annum in August 2021.