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2/638 High Street
Thornbury VIC 3071
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2/638 High Street Thornbury VIC 3071

  • Shop & Retail
  • 85 m²
  • For Sale, $850,000 - $899,000

YOU'VE WON THE LOTTO WITH THIS INVESTMENT OPPORTUNITY - RENEWED 7 YEAR LEASE TERM

  • NEW 7 YEAR LEASE - CIRCA 5 PERCENT YIELD
  • WELL ESTABLISHED LOTTO/AGENCY BUSINESS
  • TAX DEPRECIATION BENEFITS

- Securely leased retail investment opportunity in the boutique Hive commercial/residential development
- Leased to the very well established Normanby News and Lotto Agency
- Renewed 7 year lease with 2 further options of 7 years to commence 1.11.2024
- Commencing rental of $44,275.55 per annum net plus GST from 1.11.2024.
- The tenant pays all the outgoings
- Fixed 3 percent annual increases
- On-site undercover car space
- Tax Depreciation benefits

For further information or to arrange an inspection contact:
John Kalpakis 0412 500 250
john.kalpakis@raywhite.com
or
Mitchell Kalpakis 0428 761 735
mitch.kalpakis@raywhite.com

DISCLAIMER:
Whilst Ray White Preston has taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accepts no responsibility and disclaims all liability in respect of any errors, inaccuracies, or misstatements contained herein.
Ray White Preston urges prospective purchasers to make their own inquiries to verify the information contained herein.

Property Highlights

Floor Area85 m²
Land AreaAsk Agent
Parking1 x Onsite parking
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2018273681
Category
Last updated  29 Jul 2024
Map for 2/638 High Street Thornbury VIC 3071

Property Highlights

Floor Area85 m²
Land AreaAsk Agent
Parking1 x Onsite parking
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2018273681
Category
Last updated  29 Jul 2024

Co-Agents

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