CORNER RETAIL INVESTMENT WITH FUTURE DEVELOPMENT UPSIDE
Ray White Commercial presents this prominent corner investment with exposure to Ferntree Gully Road trading as an IGA Supermarket since 2011. With a new long term lease in place to a tenant who has a chain of successful supermarkets throughout Melbourne, this property will suit the astute investor who is looking for future value-add/development potential (STCA).
- Land area 195m2 approx.
- Building area 175m2 approx.
- Fresh 5 year lease commenced 1st February 2016
- Two (2) further terms of Five (5) years each.
- Currently returning $25,729 p/a + GST + Outgoings
- R.O.W. with counci...