Ray White Commercial Oakleigh is excited to present 382-384 Warrigal Road, Ashburton which will be offered to market by way of a Public Online Auction scheduled for Thursday 26th August, 2021 @ 3:00pm. In a marketplace hungry for such a quality offering, this is a fantastic opportunity for the astute investor to purchase a proven retail investment which is hitting the market for the first time in 20 years!
This tenanted freehold investment is positioned in a fantastic location and surrounded by a multitude of National operators such as KFC, Woolworths, Vinnies, Terry White Chemmart, Salvation Army, 7-Eleven and First Choice Liquor along with many other complementing businesses including bakeries, barber shops, restaurants and a multitude of various medical practitioners which reflects the strength & viability of this thriving precinct.
The Premises itself has been trading as "MKS Spices'n Things" with the operator having 4 other branches in Preston, Epping, Dandenong & St. Albans which goes to show the strength of this business. The current Tenant has been in occupation of the Premises since 2010 and recently renewed for a further 5 years plus options giving you the confidence that this location is one that continues to thrive no matter the environment.
The property benefits from over 12m of exposure to Warrigal Road along with ample customer parking both at the front of the shop as well as council parking on the rear whilst also offering the potential for further development in the future (STCA). Chadstone Shopping Centre is located less than 2.5kms South with the property a mere 1km* from both Ashburton & Holmesglen Stations and the 903 bus also stopping at its doorstep. Conveniently, the shops also have separate water & electricity meters giving you the utmost flexibility whatever your plans for the future may be!
Property Attributes:
• Current Rental | $98,400.00 p/a net
• Total land area | 446m2*
• Total building area | 550m2* (includes 1st floor of 135m2*)
• 5 + 3 + 3 Year Lease (Renewed March 2020)
• Fixed 2.5% annual increases
• Security Bond: $36,080.00*
• ROW, 3 phase power, Gas Supply
• Public Transport at your door
• Separate electricity & water meters
• Future Development Potential (STCA)
• Commercial 1 Zone (C1Z)
• Terms: 10% Deposit - Settlement 30/60 days
ONLINE AUCTION: Thursday 26th August, 2021 @ 3:00pm
Theo Karkanis | 0431 391 035
George Ganavas | 0478 634 562
To Register to Bid: Please visit the Anywhere Auctions website or download the app and click on the "Register to Bid" button against this property:
https://anywhereauctions.com.au/app/property?propertyId=15246
re Auctions website or call one of us.
*All areas and figures are approximate 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.