448 Burwood Highway Wantirna South VIC 3152

Ray White Commercial Victoria proudly present this high profile investment property located directly opposite Knox Shopping centre (soon to be Australia's second largest shopping centre). Leased to an established long term hairdressing salon trading since 1989 and being offered with a long term lease in place, this property will suite the astute investor who is seeking a low risk investment with great growth and future value add/development potential(STCA).

Key features:
- Current rental $58,833 p/a + GST + Outgoings
- New five (5) year lease commenced 6th Feb 2016, with one (1) further term of five (5) years
- Annual increases of 2.5% and a market review at the commencement of the further term
- Building area 137m2 approx.
- Land size 183m2 approx.
- ROW
- Commercial 1 Zoning (C1Z)

AUCTION Thursday 9th June 2016 @ 1:00pm - On Site

Paul Rizzo 0418 688 888
Ryan Amler 0401 971 622