Gross Waddell ICR is pleased to offer to the market via auction this outstanding retail investment located in the heart of Montmorency's thriving Monty Village precinct.
Property highlights include:
Superbly positioned retail investment leased to a well-established gym
5-year lease with two further 5-year options
Current rent: $68,842* p.a. plus GST
3% fixed annual increases, market review at option(s)
Substantial landholding of 238 sqm* with dual street frontages
Large double fronted shop of 210 sqm* offering excellent exposure to Were Street
Positioned within the tightly held "Monty Village" and surrounded by popular cafes, specialty stores and high foot traffic
Moments from Montmorency Primary School, Foodworks and Montmorency Train Station
This is a rare chance to own a low-maintenance, income-producing commercial asset in one of the northeast's most tightly held retail strips.
11 Were Street, Montmorency is offered for sale via Public Onsite Auction on Thursday 26th June 2025 at 12:00pm.
Should you have any questions or would like to arrange an inspection, please contact Gross Waddell ICR directly.
*Approx.