Long Standing National Tenant with No Options. Re-Lease, Occupy or Redevelop.
Prime main road location in affluent Balwyn. 10+10 year Lease to Midas expiring 31 August 2013, with no further terms of Lease renewal. Rare entrepreneurial opportunity to; a) re-Lease to either existing or new tenant, b) occupy, or, c) redevelop. Significant 836m2* site on ‘homeward’ bound side of Whitehorse Road, with 12 on-site car spaces. Generous 30 metres* frontage and easy access via by 2 crossovers. Well-presented property suitable for a variety of uses. Passing rent: $122,660 pa*
*Approx. *Boundary mark-up indicative only
Interstate and local bidding is available by prior arrangements.
To be auctioned as part of Burgess Rawson Investment Portfolio Auction 75 11AM (AEST) 10th April 2013 River Room Crown Casino Southbank, Melbourne
