Superb Corner Investment With Upside
Savills and M.G.O'Halloran are delighted to offer For Sale by Auction this fantastic corner investment, with significant future development upside.
Key attributes of this property are:
- Prime corner land holding of 493sq m*
- Quality existing building of 450sq m*
- Three street frontages totalling 51 metres*
- Commercial 2 Zone
- 5 year lease in place to national tenant â€“ Pedders (expiring December 2018 â€“ no options)
- Current Net Rental: $68,640p.a. + O/Gâ€™s + GST
- Fixed 4% rental increases
- Magnificent location between City Road and Cecil Street, surrounded by South Mel...