Shop 1-2/660 Blackburn Road Notting Hill VIC 3168

Shop & Retail
Sold

COMMERCIAL FREEHOLD WITH 5 + 5 YEAR LEASE OPPOSITE MONASH UNIVERSITY

* Busy Blackburn Road location, opposite Monash University Clayton
* The only commercial operation (grocery store and coffee shop) in a high density students and business professionals housing area
* Newly leased with 5 + 5 year term to a going concern, GST free
* Returning $60,000.00 per year (up to 6.0% R.O.I) with 3% increase every year
* Outgoings: All rates, except land tax, 100% payable by tenant.
* Premises approx. 236m2 open retail floor with 2 toilets, bin storage and exclusive licences to approx.145m2 outdoor seating and visitor parking area and 2 basement security parking spaces
INSPECTION BY APPOINTMENT ONLY
Contact James Tan 0450 351 706 jamestan@melbourneC21.com.au