Ray White Commercial presents this prominent corner investment with exposure to Ferntree Gully Road trading as an IGA Supermarket since 2011. With a new long term lease in place to a tenant who has a chain of successful supermarkets throughout Melbourne, this property will suit the astute investor who is looking for future value-add/development potential (STCA).
- Land area 195m2 approx.
- Building area 175m2 approx.
- Fresh 5 year lease commenced 1st February 2016
- Two (2) further terms of Five (5) years each.
- Currently returning $25,729 p/a + GST + Outgoings
- R.O.W. with council parking parallel to building
- Commercial 1 zoning
- High exposure location with two street frontages
- Excellent signage rights
- Inspection an absolute must
The property is being offered to the market via on-site Public Auction on Thursday 09th February 2017 at 12:00pm.
To obtain further information, or to arrange an inspection, please contact the exclusive sales and marketing agents.
George Kelepouris 0425 798 677
Ryan Amler 0401 971 622
Lot/Plan No: 1/LP64784