24 Centreway, Mount Waverley, VIC 3149

Retail

Sold

  • Property ID: 358084
  • Floor Area: 152m²
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold N/A 152m2 N/A Contact Agent
Retail Investment In Great Company!

Iconic investment opportunity now offered for sale for the first time in nearly 30 years via Public Auction on Thursday 12th March 2020 at 12pm on site.

24 Centreway is perfectly positioned neighbouring a multitude of retailers including Coles, Bakers Delight, Priceline Pharmacy, Australia Post, Vintage Cellars, Flight Centre and is directly opposite a large customer car park and a multilevel office building servicing Australian Red Cross, United Energy and Multinet Gas Networks.

The property is nestled in the heart of Pinewood Shopping Village and comprises 152m2* ground floor retail space with amenities, rear access and a 6m* glass frontage facade providing great natural light and exposure to Centreway.

The subject property is currently leased to an established cafe operator 'Cannoli & Co Pty Ltd' who have recently renewed their lease for 5+5+5 years with a commencing rental of $75,000 per annum net.

Key Investment features:
- Leased to Cannoli & Co Pty Ltd
- Renewed 5+5+5 year lease from 8th October 2019
- Rental: $75,000 p.a. plus GST and outgoings
- Security deposit bond + director guarantee
- Established retailer with two locations

Key Property features:
- Building Area: 152m2*
- Amenities & rear access
- Commercial 1 Zone (C1Z)
- 6m* frontage to Centreway
- Directly opposite a large customer car park
- 15m* from Coles & surrounded by established retailers

**Open for inspection: Thursday 5th March 2020 from 2pm - 2:30pm

Further enhancing its proximity, the property is just 300m* away from the Monash Freeway and also provides convenient access to major arterials such as Blackburn Road, Waverley Road and Ferntree Gully Road.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Lease Term: 5+5+5 Years
  • Rent Review: CPI annual increases
  • Car Spaces: Common parking at rear
Mount Waverley Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $592 ---
Retail --- $391 ---
Industrial --- $183 ---
This is the average advertised price, rent and yield for Mount Waverley, VIC 3149*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* 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™.
  • 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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