77-79 Mitcham Road, Donvale, VIC 3111

Investment | Retail | Development/Land

Sold

10% deposit, Balance 30/60 days

  • Property ID: 272721
  • Floor Area: 180m²
  • Land Area: 4800m²
  • NBN Availability: Not Currently Available
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold 01/11/2017 180m2 4800m2 Contact Agent
7-Eleven + Car Wash Investment on 4,800m2* Mixed Use Zoned Site

This rare opportunity comprises two tenants, 7-Eleven service station/convenience store together with Car Wash Express, situated on a massive site of 4,800m2* and returning a current combined rental of $382,547.16 per annum plus GST. Offered for sale by way of Public Auction on Wednesday 1st November 2017 at 12 noon on site.

Property features include:

- Great anchor tenant 7-Eleven Stores Pty Ltd -Established in 1977, now comprising 620 * stores, the largest petrol & convenience store retailer in Australia, with revenues of $3.9 Billion together with an automatic 4 bay car wash operating as Car Wash Express
- Generous 73 metre* Mitcham Road frontage
- Sought after Mixed Use Zoning
- Substantial income with future development potential
- Leases to 2023 (including options in the Car wash lease)
- Annual rental reviews of 4% applicable to 7-Eleven lease

Conveniently located near the intersection of Mitcham Road and Springvale Road, the property is exposed to 23,000* vehicles passing daily (VicRoads Data 2016) and strategically positioned 900 metres* from Eastlink. Renowned Tunstall Square shopping centre is 1km* from the subject property and features well known traders Coles, Subway, Commonwealth Bank, Bakers Delight and Chemist Warehouse.

For further information, please contact Ian Angelico 0418336088 of CVA Property Consultants.

*approx

Additional Information
Features
  • Zoning: Mixed Use Zone
  • Suitable Development: Residential, Retail, Commercial
  • Permits Issued: NA
  • Lease Term: Refer to Tenancy Schedule
  • Rent Review: Refer to Tenancy Schedule
  • Car Spaces: On site

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
LOGIN (Existing Members)
×

REGISTER (New Members)

Already have a CPG account? Login

×
×

×
REGISTER (New Members)
×