PRIME RETAIL INVESTMENT WITH UPSIDE
Prime retail with exciting future development potential (subject to council approval).
New five (5) year lease commencing December 2015, returning $42,500 per annum plus GST and outgoings with annual reviews to 3% (no further option terms.)
Total building area of 95 sq.metres (approx.), situated on a 180 sq.metre (approx.) allotment of land and featuring ROW access with on-site parking.
Located in close proximity to Heidelberg Railway Station and Austin & Mercy Hospitals, the property is set amongst a strong tenancy mix including banks, supermarkets, pharmacies and cafes.
Zoned Commercial 1.
Terms: 10% Deposit, Balance 30/60/90 Days.