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77 Martins Lane
Viewbank VIC 3084
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Sold on 1 Nov 2024

77 Martins Lane Viewbank VIC 3084

  • Shop & Retail
  • 342 m²
  • Sold

Quality Suburban Investment with Attractive Lease Fundamentals

  • Leased with Options until 2043
  • 4.00% Annual Increases
  • Favourable Commercial 1 Zoning

Colliers is pleased to present 77 Martins Lane, Viewbank for sale via on-site Public Auction on Friday 1 November at 12:30pm (AEDT).

On offer is a split-level freehold mixed-use property comprising of retail accommodation plus a two (2) bedroom residence with a large garage. The property is ideally situated within close proximity to transport and educational amenities.

The key highlights of the opportunity include:

- Suburban Milk Bar with 2-bedroom residence totalling 342sqm*

- Rental of $53,487* per annum + GST with 4.00% annual increases

- Recently renewed lease expiring March 2033 plus 2 x 5-year options

- Longstanding tenant who has traded from the property since 2012

- The only retail strip in Viewbank, servicing an affluent resident population of 6,912^

- Substantial Commercial 1 Zoned site of 374sqm*, allowing for flexible future development outcomes (STCA)

For further information or to arrange an inspection please contact the exclusive selling agents below:

Eddie Foulkes | 0405 890 960
Ben Baines | 0438 328 407
Lucas Soccio | 0421 428 990

*Approximate
^CoreLogic

AUCTION

Auction date and time01/11/2024 12:30
Auction location77 Martins Lane, Viewbank VIC
Colliers International | Melbourne East
Colliers International | Melbourne East
Chadstone Tower One Level 7/1341 Dandenong Rd
Chadstone, VIC 3148

Property Highlights

Date Sold1 Nov 2024
Floor Area342 m²
Land Area374 m²
ParkingOn street parking
Building TypeWhole building
Property ID2019530187
Category
Last updated  1 Nov 2024
Map for 77 Martins Lane Viewbank VIC 3084
Colliers International | Melbourne East
Colliers International | Melbourne East
Chadstone Tower One Level 7/1341 Dandenong Rd
Chadstone, VIC 3148

Property Highlights

Date Sold1 Nov 2024
Floor Area342 m²
Land Area374 m²
ParkingOn street parking
Building TypeWhole building
Property ID2019530187
Category
Last updated  1 Nov 2024

Co-Agents

Eddie Foulkes
Colliers International | Melbourne East
Call
0405 890 960
Ben Baines
Colliers International | Melbourne East
Call
0438 328 407
Lucas Soccio
Lucas Soccio
Colliers International | Melbourne East
Call
0421 428 990

More about 77 Martins Lane Viewbank VIC 3084

77 Martins Lane Viewbank VIC 3084 is categorized as Shop & Retail Property. It has a floor area of 342 m² and a land area of 374 m². The listing ID for this property is 2019530187.

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