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385 Sydney Road
Coburg VIC 3058
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385 Sydney Road Coburg VIC 3058

  • Shop & Retail
  • 190 m²
  • For Sale, Asking $1,100,000 - $1,200,000

Premium Investment without the Price Tag

    The Investment
    * 190 sqm of lettable floor space across 2 tenancies
    * Space for 2 car spaces at the rear
    * Front tenant Halfpenny Pharmacy paying $50,392.80 per annum net
    * Current lease expires December 13 2026 plus 3 x further options of 5 years
    * 3% annual reviews (+ market reviews at each option)
    * Rear tenant Statewide Sewing Centre paying $15,000 per annum plus outgoings and GST
    * 1 year lease plus 2 x further options of 2 years
    * 3% annual reviews
    * Total return $65,392.80 per annum plus outgoings and GST

    The Location
    * Located in arguably the best section of Sydney Road
    * Bell Street 150 metres to the north
    * Over 1000 car spaces at the rear
    * Nearby operators include Coles, Woolworths, Chemist Warehouse, ANZ, Commbank, Westpac, Dan Murphys, and Dominos Pizza

    This property was listed with Modo's FREE Marketing Package featuring a virtual tour, photos, floor plan, online listings, and more.

    Property Highlights

    Floor Area190 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2018935815
    Category
    Last updated  21 May 2024
    Map for 385 Sydney Road Coburg VIC 3058

    Property Highlights

    Floor Area190 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2018935815
    Category
    Last updated  21 May 2024

    Listed by

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