> Well-priced, securely leased building - price expectations around 6% yield.
> Two separate, fully self-contained tenancies, both leased to long-term
and established tenants.
> Ground floor is operated as a restaurant with first floor offices leased to a local law firm.
> Combined rental income of $88,000 pa + Outgoings & GST
> Total building area: 260 m2 approx
> Land area: 271 m2 approx
> Rear laneway access
> On-site parking for 5 cars at the rear of the site.
> Flexible Business 1 zoning, which may allow for future development
(STCA) and value-add opportunities.
Opportunities such as these are scarce in blue chip locations like Box Hill.
If you are in the market for a main road retail investment with a healthy yield, then call GrayJohnson today for more information on this outstanding addition to your portfolio.
Prominently positioned on the southern side of Whitehorse Road, approximately 50 metres from the corner of Station Street in Box Hill.
Around the corner from Box Hill Centro, Box Hill Plaza and surrounded by all modes of public transport.
Access to the CBD and suburbs is easy, with the
Lot/Plan No: 2/LP29784