A unique opportunity to purchase a prime inner fringe investment with significant upside.
> Leased to long-standing tenant (current rental $66,000 pa Net)
> Brand new 5-year lease commencing May 2013
> New rental $69,400 pa Net from May 2013
> Fixed annual increases
> Building area: 495 sqm approx
> Wide frontage of 12 metres
> Rapidly evolving precinct
> The immediate area boasts a diverse mix of commercial occupants including IKEA, Kmart, Dick Smith, Fitness First & Coles Supermarket
The property is ideally located on the eastern side of Duke Street, between Burnley and Church Streets. It is strategically positioned close to major arterials including Burnley Street, Church Street and Victoria Street.
It also enjoys other fabulous amenities including easy access to Yarra River bike paths and parks.
Being positioned in Abbotsford, it has excellent public transport facilities including bus and tram.
