Ray White Commercial Victoria is delighted to present to one lucky purchaser this fantastic retail investment opportunity with a long term business with the add value opportunity of approved plans and permit for four apartments and one retail premises. Located in the South-eastern growth corridor and situated 500m* from the beach, 1.9km* to Carrum train Station and 1.5km* to Seaford Train Station.
This single level free-hold building is currently leased as a long running and established fish and chip shop of which the tenant has exercised their final three year term which will commence in June 2017.
Don't miss out on this outstanding opportunity to add this freehold investment to your property portfolio for a long term investment opportunity with the added benefit of a three story development.
Key Features:
- Total building area 110m2*
- Total land area 222m2*
- Single level free-hold building
- Leased to a long term and established business with new 3 + 3 year lease since June 2014 (Tenant has exercised option)
- Current rental $19,127.06 incl GST and due to increase to$19,701 incl GST per annum plus Outgoings as of 1st June 2017
- Approved plans and permits for a three story development comprising four two bedroom apartments and one retail shop
- Located 500m* from the beach, 1.5km* from Seaford Train Station and 1.9km* from Carrum Train Station
- B1Z Business 1 Zoning
Auction Wednesday 19th April at 11.30am on-site
Ryan Amler - 0401 971 622
Paul Rizzo - 0418 688 888
APPROX*
