A rare opportunity to purchase a ground floor retail investment situated in the heart of the Union Road Ascot Vale retail precinct, one of Melbourne's most vibrant, is now available for private sale.
Currently leased to established tenant 'Jordyn Photography Pty Ltd' featuring stunning polished concrete floors and a generous layout consisting of open plan reception, 3 partitioned offices, ducted heating & cooling, excellent staff amenities and kitchenette. The property is further enhanced by shop front business exposure to Maribyrnong Road and ROW rear access for 2 on title car spaces.
Investment Summary:
- Tenant: Jordyn Photography Pty Ltd
- Rent: $29,540 per annum plus GST plus outgoings as per lease
- Term: Two (2) years plus One (1) further term of two (2) years
- Commencement: 1st July 2019
- Reviews: Annual 3%
Property Summary:
- Total building area: 116m2*
- Ducted heating and cooling
- Rear access via ROW
- 2 secure on site car spaces on title
- Commercial 1 Zone
Superbly positioned on well-known thoroughfare Maribyrnong Road, with exposure to approx. 17,000 passing motorists daily and readily developing into a trendy retail, cafe and commercial strip, playing host to occupiers such as Union Hotel, IGA express, Australia Post, Commonwealth Bank, Bendigo Bank and Home Timber & Hardware the property is located under 7km* from the Melbourne CBD and is serviced by the No. 57 tram which runs along Maribyrnong, Union and Epsom Roads.
*Approx.
Pricing excludes GST