If you are looking for a terrific retail investment property, then this charming property is well worth a look.
It features a new lease to an established operator, a two-level retail premises in popular McKinnon.
Further details as follows:
* Brand new 5 year lease to October 2022 options through to 2032
* Rent $50,000 pa ($51,500 as at 1st November, 2018)
* Established operator (modern Thai cuisine, they have 3 locations across Melbourne)
* McKinnon train station has recently been upgraded by the state government and is now underground
* Two storey freehold fully fitted, licensed restaurant / cafe
* Fixed annual 3% increases
* Tenant pays all outgoings, excluding land tax
Open for inspections by appointment.
For further information or enquiries, please contact:
James Glen - 0401 493 277 or jamesg@nicholscrowder.com.au
Sally-Anne McQuillan - 0400 203 203 or sallyanne@nicholscrowder.com.au
NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated.