41 Albion Street, Essendon, VIC 3040

Investment | Other

Sold

  • Property ID: 322793
  • Floor Area: 40m²
  • NBN Availability: Not Currently Available
  • Cafes: 20+ nearby
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold 07/03/2019 40m2 N/A Contact Agent
Boutique Corner Investment

CVA Property Consultants are pleased to offer this ground floor corner retail investment located at 41 Albion Street, Essendon for private sale.

Set amongst a thriving local shopping strip, this brand new retail space of 40m2* is leased to Boutiqie Estate Agents and features a welcoming reception/waiting area, open plan offices, kitchenette, staff amenities and finished with polished concrete flooring throughout.

The light filled property further benefits from dual street frontage to Albion and Tennyson Streets and offers an additional 36m2* of area fronting Albion street as part of title. Neighboring businesses include Rose Milk Food Store & Cafe, hair salon, architect and local milk bar.

Investment Summary:
Tenant: Sophie's Estate Pty Ltd T/A Boutique Estate Agents
Current Rental: $19,500.00 per annum net plus GST
Commencement Date: 1st September 2018
Lease Term: Six (6) + Six (6) years
Rental Reviews: 4% Annually

Open for Inspection:
Wednesday 11:15am-12:00pm

For further information please contact CVA Property Consultants.

*Approx
Pricing excludes GST.

Additional Information
Features
  • Zoning: Mixed Use Zone
  • Lease Term: 6 + 6 years
  • Rent Review: 4% annually
  • Car Spaces: N/A
Essendon Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- --- ---
Offices --- $304 ---
Retail --- $387 ---
This is the average advertised price, rent and yield for Essendon, VIC 3040*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

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™.
  • Nearby Cafes - Number of cafes located within 500 metres of 41 Albion Street, Essendon, VIC 3040. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 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.
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