360 Bay Road Cheltenham VIC 3192

A cut above the rest. Affordable price range.

Key Points
- Outstanding retail shop & modern two bedroom residence
- Securely leased freehold investment
- Two tenants providing dual rental income
- Gross rent: $48,731.51 p.a. (as at July 21')
- Land dimensions 6.1m x 32.9m: 200 sqm*
- Convenient rear access via R.O.W
- Single car garage with remote control roller door
- Flexible commercial 1 zoned landholding
- Fully leased, low maintenance freehold investment
- Future development or add value upside (STCA)

Retail Shop Tenancy
- New three (3) year lease from July 21'
- Rental income: $28,135.07 p.a. (as at July 21')
- Attractive 3% fixed annual rental increases
- Long standing hairdresser. In occupation for ten (10) plus years.
- Shop area 60 sqm*

Residential Tenancy
- Modern two bed residence with separate access
- Separately leased on a new one (1) year lease
- Rental income: $20,596.44 p.a.
- Two large bedrooms with polished boards
- Modern kitchen and bathroom appliances
- Split system heating & cooling

Excellent public car parking directly at front, located within the tightly held 'Bay Road East' shopping centre and only metres from Westfield Southland Shopping Complex & the new Southland Train Station.

For sale via public auction on Wednesday 12th May 2021 at 12 pm onsite.

Contact Kenny Oliver 0409 144 188 for further details.

(*approx)