Shops 4 & 5
> Prominent corner building leased to strong performing restaurant/café
> Rental: $105,740 pa Net
> 5-year lease commencing Nov 2012 + options to 2027
> Strong rental growth: 4% increases annually
Features include:
> Rear access
> Abundant carparking
> Anchored by 7-11 petrol station/convenience store
The subject property is strategically positioned in a boutique commercial development on the north-east corner of Pascoe Vale and Barry Roads some 17 kms from Melbourne's CBD.
The overall development backs onto Melba Vale Retirement Village which wraps around the development to both road frontages. Moving further north, is the new Coolaroo rail station (5 mins walk). Moving east from the railway line, there is established housing.
Features of the surrounding area include Broadmeadows Shopping Centre which include Harvey Norman, Bunnings, McDonald's, Coles, Woolworths, Aldi Supermarkets & Hoyts Cinemas.
In addition, the Meadow Heights Neighbourhood Shopping Centre is 700 metres west of Pascoe Vale Road and 1.2 kms from the subject property.
