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28 Rutherglen Road
Newborough VIC 3825
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Sold on 3 Feb 2022

28 Rutherglen Road Newborough VIC 3825

  • Shop & Retail
  • 150 m²
  • Sold, $480,000

An Investment For Anyone And Everyone!

This securely leased commercial premises is the perfect fit for the first time or experienced investor looking to add to a current portfolio.

Long term tenant and renowned local pharmacy business positioned in the Newborough shopping precinct within an established residential neighbourhood.
* Original twelve-year lease with four years to run
* Three x 6-year options of renewal taking total term to 2043
* Current rent $29,423.16 per annum excluding GST with fixed 3.25% annual increases
* Tenant paying all outgoings including building insurance
* New reverse cycle ducted air conditioning unit recently installed
* Land size of 238 sqm approx with rear lane access

This affordable investment opportunity will suit a broad range of investors ready to reap an instant return from day one.

John Kerr & Associates Real Estate
John Kerr & Associates Real Estate
Cnr Moore & George St
Moe, VIC 3825

Property Highlights

Date Sold3 Feb 2022
Sold Price$480,000
Floor Area150 m²
Land Area238 m²
ParkingAsk Agent
Property ID2017324695
Category
Last updated  17 Feb 2022
Map for 28 Rutherglen Road Newborough VIC 3825

Nearest transport* to 28 Rutherglen Road Newborough VIC 3825

Bus
Train
St Marys Church/Monash Rd (Newborough)119 m
Rutherglen Rd/Balfour St (Newborough)120 m
Tyers St/Monash Rd (Newborough)239 m
Balfour St/Law St (Newborough)278 m
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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John Kerr & Associates Real Estate
John Kerr & Associates Real Estate
Cnr Moore & George St
Moe, VIC 3825

Property Highlights

Date Sold3 Feb 2022
Sold Price$480,000
Floor Area150 m²
Land Area238 m²
ParkingAsk Agent
Property ID2017324695
Category
Last updated  17 Feb 2022

Listed by

Robert Sim
Robert Sim
John Kerr & Associates Real Estate
Call
0409 194 084

More about 28 Rutherglen Road Newborough VIC 3825

28 Rutherglen Road Newborough VIC 3825 is categorized as Shop & Retail Property. It has a floor area of 150 m² and a land area of 238 m². The listing ID for this property is 2017324695.

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