Buckingham and Company Commercial are pleased to present this thriving retail investment opportunity in the highly sought after Montmorency Shopping Village.
Located in arguably the best shopping strip in the Northern suburbs should make this a must add investment to your property portfolio.
Extra wide fronted retail building within the tightly held Montmorency Shopping Village (Monty Village)
Offering a land holding of approximately 140sqm of Commercial 1 Zone (C1Z) land over 2 levels
Securely leased to an established tenant on a new 5 year lease with 1 further 5 year option
Net income of $68,000* per annum with fixed annual 3% increases
Rear lane access with an abundance of council parking at the front and rear of the property
Located near the entrance to the Monty Village which houses an incredible selection of eateries and retail amenity
Moments to Montmorency Primary School, Foodworks and Train Station
Montmorency is highly regarded as local gem and boasts a median house price of approximately $1,130,000 and a 21.5% quarterly price growth (source REIV)
Auction: Onsite at 1pm on the 3rd March, 2023
For further information or to organise an inspection contact:
Terry Gazelle 0438 196 480
