Stonebridge Property Group is pleased to present 5 Leonard Avenue, Noble Park, a prime strip shop in the tightly held Noble Park Activity Centre.
The property is subject to a renewed 5-year lease and boasts rear additional land to re-position, value-add or develop (STCA).
The key highlights of the opportunity include:
- Recently renewed 5-year lease to long-standing and proven tenant T & S Coin Laundry
- Providing income of $34,778.16* + GST + Outgoings with fixed 3% annual increases
- A strategic and versatile shop boasting an open plan retail space, and amenity to the rear
- The flexible freehold benefits from highly accessible rear access and surplus land (currently utilised for car parking)
- Located in a tightly held Noble Park retail precinct, surrounded by high-quality national retailers including Chemist Warehouse (opposite), Coles (375 m*), Terry White Chemist (350 m*) and Australia Post (151 m*)
- Comprising 260 sqm* of underutilised and favourably zoned (C1Z) land within the Noble Park Activity Centre providing future value add possibilities through development or extension (STCA)
- Just 130 m* from the newly upgraded Noble Park Train Station connecting the property directly to the Melbourne CBD and South-Eastern suburbs in the 18/19 FY Nobel Park Train Station was used by 929,900* commuters
- Victorian Government commitment of $276.5M on the Greater Dandenong Municipality to allow for faster high-capacity metro trains to run through Noble Park
- First time ever offered to the market for sale
*Approximately
5 Leonard Avenue, Noble Park is offered for sale via Public On-site Auction Thursday 17th November 2022 at 2:30pm (AEDT). For further information or to arrange an inspection, please speak to the exclusive sales and marketing agents, Stonebridge Property Group.
Max Warren
0488 296 892
Nic Hage
0448 782 594
Sarah Xi
0468 320 297
Property Code: 521
