JLL is delighted to offer for your consideration 273 Springvale Road, Springvale, an excellent opportunity to purchase a securely leased retail investment property, underpinned by a significant land holding providing future redevelopment upside in one of Melbourne’s established eastern suburbs currently experiencing strong growth and redevelopment.
The property boasts a major frontage to Springvale Road providing an average of 36,000 vehicles passing your front door daily. Located within the Springvale retail and shopping precinct providing strong amenity, the property also benefits from excellent access to all primary arterial roads, major freeways and public transport linkages including Springvale Station which is within metres of the property.
This premium investment opportunity is summarised by the following key attributes:
• Securely leased to an international chain;
• Current Rental of $110,250.00 pa + GST;
• Six (6) year lease term commencing 1st June 2015;
• Two further terms of Five (5) + Five (5) years;
• Fixed 5% annual increases;
• Building Area: 442 sqm* / Land Area: 637 sqm*;
• Zoned Commercial 1 Zone under the City of Greater Dandenong;
JLL strongly recommend this excellent investment opportunity for your consideration. Should you require any additional information or would like to arrange an inspection, please contact the exclusive agents.
*Approx.
