Key Highlights:
- High-Profile Location: Prominent position on Springvale Road
- Secure Tenants: Long-term leases with established tenants
- Dual Retail Premises: Two retail spaces with 18 metres of prime street frontage..
Property Overview:
- Dual Retail Premises: Approximately 311m² of total floor area across two retail spaces.
- Impressive Street Frontage: 18 metres of high-visibility street frontage on bustling Springvale Road.
- Rear Access: Convenient laneway access at the rear, enhancing operational flexibility.
Tenant Highlights:
- Secure Long-Term Leases: Established tenants with stable, long-term agreements in place.
- Diverse Tenant Portfolio: Includes Yoon's Grill and Indian Town Grocery Store, providing a mix of retail and dining experiences.
- Strong Annual Returns: Generates approximately $168,641 + GST annually, with tenants covering all outgoings.
- Annual Rent Reviews: Ensures consistent income growth.
Location Advantages:
- Unbeatable Exposure: Prime position on Springvale Road, with high visibility and consistent foot traffic thanks to neighboring Woolworths and ample parking.
- Retail Hub: Surrounded by major national brands like Chemist Warehouse, ANZ, Westpac, NAB, and Australia Post, ensuring a constant flow of potential customers.
- Community Connection: A short stroll to Springvale Central, Springvale Station, and Springvale Shopping Centre. Plus, enjoy the convenience of being close to the Springvale Library and Community Center, offering a range of resources and activities for residents and visitors.
- Lifestyle Ease: Walking distance to Erickson Gardens provides a tranquil escape, while the proximity to schools, government offices, and professional services enhances the area's appeal for residents and businesses.
Investment Summary:
This exceptional opportunity presents a rare combination of a high-profile location with strong foot traffic, secure tenancy agreements, and a thriving retail environment. Ideal for discerning commercial real estate buyers seeking a prime investment with long-term growth potential.
Expression of Interest Closing: 22nd January 2025
For further details or to schedule an inspection, please contact NAI Monash Commercial.
