444 BURWOOD HIGHWAY Wantirna South VIC 3152

Appleby Commercial is pleased to offer 444 Burwood Highway, Wantirna South for sale. This 2-level retail/office building offers investors and future owner occupiers the ability to purchase a high exposure commercial asset located in a strategic position opposite Westfield Knox within a vibrant and tightly held strip complex.
The ground floor level is currently tenanted on a month-to-month lease agreement and the first floor has a brand new 3 year lease in place with 2 further 3 year options.

Invest or occupy, either way this versatile layout will appeal to a wide range of businesses with future ongoing tenancies driving strong demand with potential for a myriad of uses including retail, medical or professional offices. 

Appleby Commercial recommends all investors and owner occupiers to seriously consider the opportunity this property has to offer.

PROPERTY ATTRIBUTES   
+ Total building area: 180m2*
+ Private on-site parking
+ Kitchenette & Toilet on both levels
+ Separate entrance to first floor
+ Modern fit-out to ground floor
+ High exposure location
+ Ample public parking

GROUND FLOOR LEASE DETAILS   
Tenant: Men's Hair Dressing salon
Rental: $52,000 Per Annum, Plus GST, Plus Outgoings
Term: New 5 years x 5 years lease.
FIRST FLOOR LEASE DETAILS   
Tenant: Leaf Massage
Rental: $20,000 Per Annum, Plus GST and Outgoings
Lease Term: 3 Years - Commencing 09/04/2024
Further Options: 2 x 3 Years
CPI Annual Increases & Market Review at End of Term

* Approximate

For more information or to organise an inspection, please contact Appleby Commercial on (03) 8727 9555.