290 - 294 Clayton Road, Clayton, VIC 3168

Retail | Development/Land

Sold

  • Property ID: 394627
  • Floor Area: 350m²
  • Land Area: 697m²
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold N/A 350m2 697m2 Contact Agent
AS LUCK WOULD HAVE IT - A PRIME FREEHOLD INVESTMENT ON CLAYTON ROAD.

POINT OF INTEREST:

They say real estate is all about location - and with three retail shops fully leased on the one freehold title, it’s never been truer. Situated in the prime Clayton Road retail precinct you can expect $161,577.48 per annum net in rental income and future residential development upside due to its 697 sqm* land size and rear laneway access.

Just 120 m* from Clayton railway station, the area is easily accessed by Clayton, Dandenong and Centre Roads, but the traffic that really stands out is the one by foot. It’s one of the busiest areas in the suburb, as the locals like to keep it just that - local. The area also features a notoriously low vacancy rate - read: security and reliability.

Points worth mentioning:
- Three retail stores on one freehold title.
- Fully leased to three tenants.
- Combined rental income of $161,577.48 per annum net.
- Combined Security Bond of $44,932.74.
- 15 m* frontage to Clayton Road
- 350 sqm* total building area.
- 697 sqm* land area.
- Commercial 1 zoning.
- 12 on-site car parks at the rear.
- Suitable for future mixed use residential development.
- Access to 3 sides of natural light for development (front, rear and side common pathway access).
- Rear laneway access.
- 120 m* to Clayton railway station.
- 5.9 km* to the Monash Freeway.

POINT OF VIEW:

Some say it’s lucky for three shops in Clayton’s prime retail precinct to become available for purchase. We believe you make your own luck.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Lease Term: refer to tenancy schedule
  • Rent Review: refer to tenancy schedule
  • Car Spaces: 12 at rear of property.
  • Condition: Good.
  • Air Conditioning: Yes
  • Floors: Concrete, Carpet, Floor boards
  • Lifts: NA
  • Car Parking Fees: Nil.
Outgoings
  • Water Rates: $1,291 per annum approx.
  • Land Tax: $7,700 per annum approx. (Single Holding Basis)
  • Council Rates: $9,004.30 per annum approx.
  • Owners Corp. / Insurance: $10,094.42 per annum approx. (Building Insurance)
Clayton Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $11143 --- ---
Industrial $3060 $132 4.30%
Offices $4423 $225 5.10%
This is the average advertised price, rent and yield for Clayton, VIC 3168*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* 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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