1569 Ferntree Gully Road Knoxfield VIC 3180

Shop & Retail
91 m²
Sold

Rare Opportunity! Retail Shop with Secured Lease

Long-term secured lease
Annual rent: $37,575.84 (incl GST).
Currently operates as a busy pizza shop.

Located in the central of Knoxfield with shopping strip including IGA, Knoxfield Pharmacy, Knoxfield Bakery, this retail shop is an ideal investment if you are looking for a secured and immediate rental income with development potential for second storey (STCA).

The shop comes with fixed term lease since 2017 until 2022, with an option 4 further terms of 5 years. The current annual rental return is $37,575.84 (including GST) with rent increasing by 4% annually.

• Located in a busy location with plenty of passing traffic
and car park spaces.
• Surrounded with neighbours such as IGA, Knoxfield
Pharmacy, Knoxfield Bakery who attract many potential
customers.
• Long-term secured lease: 5 year lease commenced
since 2017 until 2022, with 4 further terms of 5 years.
• Current rental return: $37,575.84 (including GST).
• Currently operates as a busy pizza shop.
• Potential for development for Second Storey (STCA)

Don’t miss this rare opportunity, contact Conan at 0433 900 003 for more information or to arrange an inspection.

Grandstand Real Estate

Shop 1/641 High St Road

Mount Waverley, VIC 3149

Property Highlights

Date Sold	23 Jul 2018
Floor Area	91 m²
Land Area	Ask Agent
Parking	On street parking
Property ID	2014515544
Category	Shop & Retail
Last updated	4 Sep 2018

Map for 1569 Ferntree Gully Road Knoxfield VIC 3180

Nearest transport* to 1569 Ferntree Gully Road Knoxfield VIC 3180

Bus

Train

Tram

Ferry

Knox Pl/Kathryn Rd (Knoxfield)	13 m
Brice Gr/Kathryn Rd (Knoxfield)	22 m
Kathryn Rd/Ferntree Gully Rd (Knoxfield)	101 m
Kathryn Rd/Ferntree Gully Rd (Knoxfield)	130 m

*Within a 4km radius

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Grandstand Real Estate

Shop 1/641 High St Road

Mount Waverley, VIC 3149

Property Highlights

Date Sold	23 Jul 2018
Floor Area	91 m²
Land Area	Ask Agent
Parking	On street parking
Property ID	2014515544
Category	Shop & Retail
Last updated	4 Sep 2018

Listed by

Conan Ong

Grandstand Real Estate

Call

0433 900 003

More about 1569 Ferntree Gully Road Knoxfield VIC 3180

1569 Ferntree Gully Road Knoxfield VIC 3180 is categorized as Shop & Retail Property. It has a floor area of 91 m². The listing ID for this property is 2014515544.