610-612 Balcombe Road Black Rock VIC 3193

Escrow Real Estate is delighted to offer 610-612 Balcombe Road Black Rock for sale via Public Auction on Sunday the 30th of October at 12:00pm on-site.

This is an outstanding opportunity to secure a prized retail strata investment on two titles occupied by one tenancy.

Situated in the heart of prestigious Black Rock just metres to the beach as well as numerous popular traders including Taco Bill, True South, Pharmacy 360, Black Rock Grocer, Cafeteria, Total Balance, Aus Post, Woolworths Metro and many more.

The property is leased to an established tenant on a term of 5+5+5 years from 19th of October 2020 returning an estimated $74,263.00 pa net from Oct 22.

Property Overview:
Lessee: PRISCILLAS STUDIO. For more information please visit https://priscillas.net.au/
Current lease 5 years commenced 19/10/2020 with two further terms of 5 years.
Income: $74,263.00 pa + GST and outgoings approx
Reviews: Annual 3% fixed, market review at exercise of options.
Building Area: 100 Sqm approx
Zoned Commercial 1

You can now Watch, Bid and Buy online at this auction via the Anywhere Auctions website or app by clicking the link.
https://anywhereauctions.com.au/app/property?propertyId=26869

The Black Rock Village is a flourishing shopping and lifestyle precinct and one of Melbourne's premier Bayside suburbs with a median house price of $2,737,500

Auction Terms: 10% deposit, Balance of monies 30/60/90 days.

Inspection Times:
Thursday 6th October | 1:00pm - 1:30pm
Thursday 13th October | 1:00pm - 1:30pm
Thursday 20th October | 1:00pm - 1:30pm
Thursday 27th October | 1:00pm - 1:30pm
Sunday 30th October | 11:30am - 12:00pm (Auction Day)

All information and measurements are approximates.
To discuss in more detail or to arrange a private inspection
please contact Domenic Mafodda on 0403 276 856