Appleby Commercial is pleased to offer this exciting retail investment located at 1-2, 3 & 4/87-89 Colchester Road, Kilsyth for sale.
A rare opportunity to acquire these versatile investments in a tightly held retail precinct with low vacancy located near the corner of Colchester Road and Mount Dandenong Road in Kilsyth.
Surrounded by a number of long-standing small businesses, the strip is fully occupied and offers a community commercial hub with a mix of takeaway food, laundrette, hairdresser and other mixed service businesses.
Appleby Commercial recommends all investors to seriously consider the opportunity this property has to offer.
PROPERTY DETAILS
Shops 1 & 2
- Building Area: 110m2 approx.
- Tenant: Lucky Express Takeaway
- Lease Commencement: 8th December 2021
- Term: 3 + 3 years
- Passing Rental: $33,500 net per annum
Shop 3
- Building Area: 55m2 approx.
- Tenant: Belle’s & Beau’s Hairdressing
- Lease Commencement: 1st November 2022
- Term: 3 + 3 years
- Passing Rental: $16,956 net per annum
Shop 4
- Building Area: 55m2 approx.
- Tenant: Fat Chefs Pizza
- Lease Commencement: 1st October 2020
- Term: 3 + 3 + 3 + 3 years
- Passing Rental: $16,320 net per annum
TOTAL RENTAL INCOME: $66,776 net per annum
Please contact Appleby Commercial on (03) 8727 9555 for more information or to organise a property inspection.