This excellent retail investment boasts prime position beside the iconic Footscray Fresh Food and Produce Market, as well as the busy Footscray Train Station - a major transport hub for Melbourne's west.
Being situated in the middle of the retail precinct, this two story retail property has rear access from a rear right of way and future value-add opportunities. Close to major arterials and a growing residential population in Melbourne's west, the property is well serviced by public transport with a tram line at your doorstep, a major train stations and several bus services stopping nearby.
Key Property Features:
- Outstanding street exposure
- Excellent Activity Centre Zoned land
- Land area of 160m2 approx. with excellent rear access
- Building area of 180m2 approx.
- Over 5 metre street frontage
- Beside Footscray Market and Train Station
- Future redevelopment potential
Lease Detail Summary:
- Lease to popular Bubble Tea
- 7+7 year lease
- Current rent $50,776.20 pa
- Net Lease
- Annual 3% increases
Take the lead and invest in the rapidly evolving Footscray retail precinct. Within 4km to Melbourne's CBD and access to the growing suburbs in the west, Footscray is poised to reap the benefits of the huge influx of residents over the next decade.
Please do not hesitate to call the exclusive selling agents with any queries or to arrange a private inspection.
James Gregson
+61 421 516 480
Martin Huang
+61 416 161 166
Andrew Hewett
+61 418 439 388
Note: All figures are approximated, inspections subject to any current government restrictions and prospective buyers should refer the sales documentation and GST implications prior to submitting any offer.