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Sold on 20 Oct 2016

38 Jackson Court Doncaster East VIC 3109

  • Retail
  • 176 m²
  • Sold

Renowned Pompeo's Restaurant - JACKSON COURT

Ray White Commercial proudly presents this unique opportunity to secure the iconic property leased to Pompeo's Restaurant in the Jackson Court precinct.
The property has been leased to Pompeo's Restaurant for in excess of 40 years and currently on a three (3) year lease with three further option terms. The building has recently undergone renovations to provide a fresh look and added value for the next owner.

The property features:
• Lease | Three (3) Years
• Options | Three (3) Years + Three (3) Years + Three (3) years
• Return | $48,000 pa net approximately
• Reviews | CPI
• Building area | 176.9m2 approximately
• Land area | 201m2 approximately
• Zoning | Commercial 1
• Rear laneway access

Jackson Court is an established retail strip, known as Jackson Court Shopping Centre, wholly populated by commercial properties. Due to the dense surrounding residential catchments, it is a well-serviced and vibrant retail district with a large central car park for customers.

Retail tenancies within the centre comprise of anchoring tenant, Dan Murphy's, a pharmacy, bakeries, hair-dressers, banks as well as a number of restaurants and cafes. Future prospects with the adjacent site on Mitchel Street being sold for further mixed use development including ALDI and 69 apartments will only add to what is already an Iconic retail strip. Furthermore the property is in close proximity to the following facilities: - Easy access to the Eastern Freeway/Eastlink, located approximately 1.5 kilometres, with extensive bus services within the surrounding area; and close to various large parks and reserve.

Properties of this calibre are a rarity in today's market with record low interest rates and strong demand for prime investments with future growth and potential.

AUCTION

Auction date and time20/10/2016 11:30
Auction location38 Jackson Court, Doncaster East VIC

Property Highlights

Property ID2013062177
Date Sold20 Oct 2016
Floor Area176 m²
Land Area201 m²
ParkingAsk Agent
Category
Last updated  20 Oct 2016
Map for 38 Jackson Court Doncaster East VIC 3109
Ray White Commercial Vic - Nunawading
1-3 Rooks Rd Nunawading VIC 3131

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