539 & 539A Middleborough Rd Box Hill North VIC 3129

GormanKelly is pleased to offer 539 & 539A Middleborough Road, Box Hill North for sale via public auction on Wednesday 22nd August 2012 at 12 noon.

Comprises two separate retail tenancies located on one title within a tightly held and highly regarded retail neighbourhood strip precinct. The front tenancy is leased to the Middleborough Latte Café on a 10+5 year lease and currently returns $31,000pa plus outgoings and GST while the rear tenancy is leased for 5 years to a fish and chip shop and returns $15,000pa plus outgoings and GST - total combined rental of $46,000pa plus outgoings and GST. The property is located on a high exposure corner site of 210m2 with three street frontages and ample surrounding carparking.

539 & 539A Middleborough Road is situated on the western side of Middleborough Road, located between Springfield Road and the corner of Packham Street, within the established eastern suburb of Box Hill North and is positioned approximately 12 kilometres east of the Melbourne CBD.

The property is well supported by an extensive road network connecting to the Monash and Eastern/Eastlink Freeways. Middleborough Road is a major arterial road which connects the suburbs of Mount Waverley, Box Hill and Doncaster.

Furthermore the property is in close proximity to the following facilities:
Extensive bus services on Middleborough Road
Surrounded by many recreational facilities and shopping centres such as Springfield Park, Koonung Reserve, North Blackburn Shopping Centre;
Easy access to both the (M3) Eastern Freeway and (M1) Monash Freeway.
Located adjoining McDonalds, Red Rooster and Shell.