Perfectly positioned within an affluent Mont Albert pocket, this incredible retail opportunity is one with significant upside.
Numbers 34 & 34a Hamilton St, Mont Albert take up a prominent position in the Mont Albert Shopping Village, a vibrant locale where sophistication meets accessibility.
Along with the location, this one title, dual asset offering includes a popular greengrocer currently leased at $2,130 PCM on a 5 year term, expiring on 1st March, 2024.
There are a further two x 5 year options on the lease with fixed 3% increases on the 2nd year of each term and a market review at the beginning of each 5 year option.
Upstairs, 34a is currently let to an Architect business on a periodical lease currently returning $1,632 PCM. This opens the door for an owner occupier to purchase and move their own business in however, the current tenant is happy to remain in the building and sign a new lease.
With a total rent of $3,762.82 PCM or $45,153.82 P.A., this is a both a prosperous and versatile chance to add a quality commercial asset to your portfolio.
* Dual property assets on one title in the Mont Albert Shopping Village
* Ground floor retail leased at $2,130 PCM on a 5 year term with options
* Upstairs currently on a periodical lease, returning $1,632 PCM
* Incredible investment with total rent of $3,762.82 PCM or $45,153.82 PA
* Upstairs suitable for an owner/occupier business if new owners choose
* Floor Area 34 (downstairs) = 120.7sqm
* Floor Area 34a (upstairs) = 134.6sqm
Positioned right on the train line close to the new Union Train Station and part of the magnificent Mont Albert Shopping Village, an eclectic, vibrant strip with plenty of foot traffic.
