Retail | Offices

Property ID: 438138

 

Fit for a Strong Investment - Circa 6% Yield

Retail 1, 6 Croydon Road, Croydon, VIC 3136

POINT OF INTEREST:  
Reform your investment portfolio with this ground floor proposition, guaranteed to give your financial ambitions a "core workout". With a steady $48,000p.a. slated to flow directly into your portfolio for at least the next 5 years with great potential for future growth, consider this a "platinum membership" to financial gains with great future growth potential. The brand-new tenant - KX Pilates - have just added this space to their list of 90+ national locations, and for good reason. 156 sqm* of flexible space on the ground floor, with 3 secure car spaces and premium signage opportunity make this property a no-brainer for the savvy business owner and investor in equal measure! Conveniently positioned across from the lively Croydon Central Shopping Centre and close to Main Street, this property flaunts excellent transport links and is only a short stroll from Croydon Railway Station. Think Maroondah Highway, Mt Dandenong Road, and Eastlink — they're the express lanes to success for customers and suppliers alike. 

-    Leased as a KX Pilates by an experienced well established operator of Croydon & Chirnside Park studios 
-    New 5-year lease beginning 29/09/2023 with Two (2) further terms of five (5) years each
-    $48,000 +  GST annual leasing income + Outgoings
-    3 months security deposit and personal guarantees
-    https://kxpilates.com/au/

-    Building area 156sqm*
-    3 secure car parks
-    Substantial frontage of 15 meters*
-    Self-contained tenancy with rear access direct from carpark  
-    1km* to Maroondah Highway
-    1.3km* to Dorset Road
-    300 meters* to Croydon Railway Station.

POINT OF VIEW:
Invest in you...

Sold

$800,000

Ian Angelico

Stan Dawidowski