Ray White Commercial Oakleigh is proud to present 26 Burwood Highway, Burwood which will be offered by way of a Public on-site Auction scheduled for Thursday 20th May, 2021 @ 12:00pm. This is an extremely rare opportunity to purchase a proven retail investment which is hitting the market for the first time in over 35 years!
This single level investment property is located in an extremely tightly held location and surrounded by a multitude of National retailers including McDonalds, drummond golf, Ray White, F45, Anytime Fitness, Mazda, Snap Fitness 24/7, Nissan, Beacon Lighting and many many more with Deakin University (Burwood Campus) less than 1.5kms* up the road.
The Premises itself has been operating as a Hospitality Venue for over 30 years with the current Tenant recently renewing for another 3 years plus further options giving you the confidence that this location is one that continues to thrive. The property benefits from fantastic exposure to Burwood Highway as well as a R.O.W which will aid any future development plans (STCA).
- Annual income: $36,304.60 p/a + GST
- Total land area | 188m2*
- Total building area | 107m2*
- 3 + 3 + 3 Year Lease (Renewed March 2021)
- Fixed 3% annual increases
- Security Bond: $10,000 Bank Guarantee
- Rear access via ROW, 3 phase power, Gas Supply, M/F toilets
- Premises operating as a Hospitality Venue for over 30 years
- Public Transport at your door
- First time offered in over 35 Years!
- Commercial 1 Zone (C1Z)
- Terms: 10% Deposit - Settlement 30/60/90 days
ON-SITE AUCTION: Thursday 20th May, 2021 @ 12:00pm
Theo Karkanis | 0431 391 035
George Kelepouris | 0425 798 677
*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.