Investment | Retail | Showrooms

CVA Property Consultants are pleased to offer the opportunity to purchase a premium retail investment by way of Public Auction on Wednesday the 20th September 2017 at 12pm on site.



Currently leased to Zeev Kitchens Pty Ltd since 2012 on a recently renewed lease, the investment offers;



- Rental Return: $72,161.15 per annum + outgoings and GST

- Tenant: Zeev Kitchens Pty Ltd

- Lease Term:  Five (5) year lease + Five (5) year option

- Commencement: 15th October 2017

- CPI annual increases

- Tenant in occupation for the last 5 years

 

The property features;



- Total Building area: 230m2*

- 4 allocated car spaces (2 either side of property)

- Air-conditioning and heating

- Prominent whole building signage and exposure to Princes Highway, Springvale Road, and Centre Road

- Total daily average passing vehicle traffic across Centre Rd, Springvale Rd and Princes Hwy is 94,000 on average per day (Vic Roads Data 2016)

- Dual access that will cater to 2 tenancies in future if required



The property is situated on one of Melbourne's busiest intersections and is 26km* from Melbourne's CBD.



*approx.