Ray White Commercial Oakleigh is pleased to offer 74 Poath Road, Hughesdale to market by way of Private Sale. This great opportunity to secure a stand-alone retail freehold investment with potential upside ideally located on the tightly held Poath Road retail strip.
The property is strategically located within the South-East corridor of Metropolitan Melbourne accessible via Dandenong Road, North Road and the Monash Freeway (M1) whilst being only 1.2km* from the Iconic Chadstone Shopping Centre. The premise is separated into two (2) self-sufficient areas providing multiple returns to acquire what we feel is an absolute must for any astute investor.
Property Features:
• Total land area | 219m2*
• Combined building area | 244m2*
• Retail area (117m2*) Two Storey Residence (127m2*)
• Street frontage to tightly held Poath Road retail strip
• Current combined rental $53,865* p/a
• Residence leased until 28th Feb 2022 returning $28,620 p/a
• Retail area leased until 13th June 2022 returning $25,245 p/a net
• Retail area has One (1) further term of 18 months plus One (1) further term of Three (3) Years
• Shop & residence separately metered
• Serviced by major arterial roads including Dandenong Road & Monash Freeway (M1)
• Only minutes from Chadstone Shopping Centre
• Public transport at your doorstep, only 100m* from Hughesdale station
• Future Development Upside (STCA)
• Commercial 1 Zone (C1Z)
INSPECTIONS VIA VIRTUAL INSPECTION: If you would like a copy of the virtual inspection conducted recently please contact George via the email below or call 0425 798 677.
ON-SITE INSPECTION: Inspections can also be conducted on-site by Private Booking. Please contact one of the agents below to arrange a suitable time.
George Kelepouris | 0425 798 677
Ryan Amler | 0401 971 622
*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.