8 Hosken Street Springvale South VIC 3172

This shopping strip 90m South of Heatherton Road is popular among the locals with restaurant (about to open) hair salon and place of Worship. It benefits from easy access to all major roads, including Dingley Bypass, South Road, Princes Highway and Eastlink Tollway
* Solid Brick improvements
* Ample parking available at the front of the site and rear laneway
loading/access.
* Rental income $22,497 PA net (from 1 June 2024)
* Lease 3 years Term certain remaining on the lease commenced 01/06/2023
* Annual increases: Fixed 4%
* Tenant pays outgoings
* Total floor Area: 300m2*.
* Subdivision and/or redevelopment possible subject to council approval
(STCA)
* Land area: 337m2*.
Exceptional opportunity- FOR SALE via Expression of Interest Closing on 30th May 2024 at 12:00 Noon.