Prime Investment and Development opportunity Situated in a highly desirable business precinct 1/153 High Street will suit a multitude of businesses or create a highly desirable investment opportunity. Set on 279m2, it commands excellent street presence, is a high foot traffic area and creates excellent exposure, this property is currently tenanted and returning an impressive $69,708pa.
> Highly sought after location
> Expansive rear car parking available
> Future development potential STCA
> Excellent amenities for clients and staff
> Currently tenanted until 2018 with further options
PRIME RETAIL INVESTMENT - AFFORDABLE OPPORTUNITY - Central High Street location.
- High profile corner position.
- Long standing successful tenant.
- Lease term - 5 yrs x 5 yrs x 5 yrs (from 14/2/09).
- Current rental $37,868 pa net.
- Annual reviews.
- Surrounded by major retailers including Subway, Blockbuster, KFC, Tasman Meats, Clark Rubber and Hungry Jacks.
- Common alfresco dining area.
- Ample onsite car parking.
- Zoned Business 1.
FOR FURTHER DETAILS CONTACT:
GROSS WADDELL PTY LTD
Tim Darcy - 0418 522 523
Best Freehold in Belmont >Brand new 5 5 year lease to Westpac from June 2010
>Huge 605m2 site with subdivision potential STCA
>50m total frontage in thriving inner Geelong retail strip, between Coles and Aldi
>Recently refurbished / Depreciation benefits
>Annual 3% increases / Tenant pays Land Tax
>Net rent $175,000 p.a.
Interstate bidding by prior arrangement
To be auctioned as part of Burgess Rawson Investment Portfolio Auction 51
11.00am AEDT Wednesday
31 March 2010
River Room, Crown Casino Melbourne
For information on other investment opportunities in the campaign, please see:
Busy Highton Strip Commercial Investment - UNDER OFFER * Long established commercial tenant
* Rental from January '08 - $14,205 pa plus outgoings
* Further development potential (STCA)
* Two further 2 year terms from 2009
* Land Area - 186m2 approx
* Floor Area - 90m2 approx
* GGPS Zoning - Business 1
THIS PROPERTY IS UNDER OFFER