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16 Borrack Square Altona North VIC 3025

  • Shop & Retail
  • 347 m²
  • For Sale, Contact Agent

Superb Renovated Freehold Investment With Upside

  • Substantial Land Area of 240sqm*
  • Multiple Income Streams
  • Value Add Potential

Fitzroys is delighted to offer a superb double storey renovated freehold investment with upside located at 16 Borrack Square, Altona North via Private Sale by Deadline Date closing on Thursday the 10th of December at 3pm.

Key features include:

- Located in Melbourne's surging inner west
- Centrally positioned within Borrack squares bustling commercial precinct servicing the emerging and growing residential catchment
- Recently renovated and immaculately presented building
- Depreciation benefits
- Rare fully leased investment opportunity in a tightly held location
- Four tenancies spread across two storeys allowing for multiple income streams
- Returning $107,700 per annum plus outgoings and GST
- Tenants pay all outgoings in accordance with the lease
- Value add potential with planning permit and endorsed plans in place for first floor extension
- Wide dual street frontage to Borrack Square and Duke Street with separate access via Duke Street
- Conveniently located adjacent occupiers such as Woolworths, CBA Bank, Bakers Delight, Chemist Warehouse, Australia Post, TAB, BWS, Millers Inn and supported with excellent car parking
- Highly sought after opportunity in inner western location experiencing rapid growth and excellent prospects for future capital appreciation

Summary:

Shop 1- Florist
6 + 5 year lease
Fixed annual increases and market review at commencement of further term

Shop 2- Nail & Beauty Salon
7 + 5 year lease
Fixed annual increases and market review at commencement of further term

Level 1, suite 1 & 2- Private Office
1 year lease

**SALE VIA DEADLINE DATE CLOSING THURSDAY THE 10TH OF DECEMBER AT 3PM**

*approx

Property Highlights

Property ID2016631526
Floor Area347 m²
Land Area240 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  17 Nov 2020
Map for 16 Borrack Square Altona North VIC 3025
Map for 16 Borrack Square Altona North VIC 302516 Borrack Square Altona North VIC 3025
Fitzroys Pty Ltd
Level 27, 360 Collins Street Melbourne VIC 3000

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