AAA RATED INVESTMENT IN TIGHLY HELD OAKLEIGH CENTRAL
Knight Frank is delighted to offer for sale by Public Auction this securely leased retail investment in one of Melbourne's most tightly held retail precincts.
11 Atherton road, Oakleigh offers exceptional street exposure to Atherton Road and the renowned Eaton Mall and comprises a 2 level brick building with a secure five (5) year lease to long standing national tenant H&R Block.
With a current net rental of $76,576 per annum the property is situated on 319sqm(approx.) of prime Commercial 1 Zoned land, and is complimented by rear laneway access and ample car parking.
This is an exceptional investment opportunity with long term potential for a mixed use development (STCA).
Oakleigh is one of the most desirable retail locations outside the CBD, the location is a bustling cosmopolitan/Mediterranean area that sees high demand from retailers across all sectors, making it a solid investment. With record low vacancy rates and secure income from a long standing tenant you can be assured that 11 Atherton Road will continue to out preform other markets well into the future.
Securely leased to H & R Block- a national tenant with exceptional trading history
Current net rental of $76,576 per annum plus outgoings & GST
Fixed annual 5% rental increases
Secure five (5) year lease that commenced 1st November 2017
Land area of 319qm approx. with ROW
Flexible Commercial 1 Zoning
High profile location- Opposite Eaton Food Mall, Oakleigh Central shopping Centre and Oakleigh Train and Bus Station
The property is available for inspection every Tuesday 2pm-2.30pm and Thursday's 11am - 11.30am throughout the campaign.
11 Atherton Road is being sold via a Public Auction to be conducted on Friday the 11th May at 12noon on site.
