92-94 Main Street, Greensborough, VIC 3088

Investment | Retail

For Sale Contact Agent

  • Property ID: 324823
  • Floor Area: 1022m²
  • Land Area: 616m²
  • Occupancy: Tenanted
  • NBN Availability: Build Commenced
  • Cafes: 20+ nearby
Main Street Retail Investment with Multiple Income

CVA Property Consultants in conjunction with S8 Property are pleased to offer 92-94 Main Street Greensborough for private sale.

The 1,022m2* two level building plus basement of 210m2* is situated on a Activity Zoned land area of 616m2* enabling the potential for future re-development (STCA).

The property is ideally positioned within Greensborough's main retail strip across from the Greensborough Plaza which is home to more than 180 stores, anchored by Coles, Target and Hoyts Cinemas. The property further benefits from rear ROW access and ample public car parking at the rear of the premises.

Fully leased, this prime investment is returning a total of $216,000.00 p.a net generated by four tenancies on recently renewed leases.

Investment Summary
94 Main Street, Greensborough
- Floor area: 542m2*
- Tenant: La Porchetta
- Return: $144,000.00 p.a. net
- Term: Five (5) years plus two further terms of five (5) years
- Commencement: 23rd December 2018
- Reviews: Annual 3%

Suite 1, 92 Main Street, Greensborough
- Floor area: 305m2*
- Tenant: Pilates Studio
- Return: $42,000.00 p.a. net
- Term: Four (4) years plus two further terms of four (4) years
- Commencement: 1st September 2017
- Reviews: Annual CPI

Suite 2, 92 Main Street, Greensborough
- Floor area: 95m2*
- Tenant: Accountant
- Return: $15,000.00 p.a. net
-Term: Two (2) years and seven months plus two further terms of four (4) years
- Commencement: 1st February 2019
- Reviews: Annual CPI

Suite 3, 92 Main Street, Greensborough
- Floor area: 80m2*
- Tenant: Sculli Bros Pty Ltd
- Return: $15,000.00 p.a. net
- Term: Two (2) years and seven months plus two further terms of four (4) years
- Commencement: 1st February 2019
- Reviews: Annual CPI

For further information on this rewarding investment please do not hesitate to contact CVA Property Consultants or S8 Property.

*Approx

Pricing excludes GST.

Additional Information
Features
  • Zoning: Activity Centre Zone
  • Lease Term: Refer to Tenancy Schedule
  • Rent Review: Refer to Tenancy Schedule
  • Car Spaces: Basement parking
Greensborough Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $4403 --- ---
Offices --- $281 ---
This is the average advertised price, rent and yield for Greensborough, VIC 3088*
* 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.
Agency Details

CVA Property Consultants

18-20 Russell Street, Melbourne, VIC 3000

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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 92-94 Main Street, Greensborough, VIC 3088. 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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