199 Main Street, Lilydale, VIC 3140

Development/Land | Other | Retail

For Sale Contact Agent

  • Property ID: 367720
  • Floor Area: 660m²
  • Land Area: 669m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
INVESTMENT WITH DEVELOPMENT UPSIDE - GREAT LOCATION

This retail, warehouse and land site is on the market for sale for the first time in 30 years and offers endless possibilities due the location, land size and building layout.  The site includes 2 shops facing Main Street which are 180 square metres and 200 square metres in size.  One shop is currently leased out at a rental of $22,800 per annum plus GST plus outgoings on a 3 year lease with a 3 year lease option.  The lease commenced on the 1/6/2016.  The second shop is leased out at $21,500 plus GST plus outgoings on an 8 year lease with an 8 year option. The warehouse and yard is leased at a rental of $18,000 per annum plus GST plus outgoings. Features of the property don't stop at the two shops there is also a warehouse area below which is 280 square metres and a locked up hard stand area of 250 square metres.  This site will offer the lucky purchaser multi options. 

Features Include:

- Total building size: 660 square metres
- Total land size: 669 square metres
- 2 x shops
- Warehouse space
- Rear yard area (250 square metres)
- Excellent location
- Rear access (Rear lane)

Additional Information
Features
  • Lease Term: 8 years
  • Rent Review: Annually
  • Car Spaces: Yes
  • Condition: Good
  • Air Conditioning: Yes
  • Floors: Floor boards
  • Car Parking Fees: No
Outgoings
  • Water Rates: Tenant
  • Council Rates: tenant cost
  • Owners Corp. / Insurance: tenant pays
Lilydale Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $2598 --- ---
Industrial --- $89 ---
Offices --- $227 ---
This is the average advertised price, rent and yield for Lilydale, VIC 3140*
* 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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