Shop 11 & 12, 176 Elevation Boulevard, Craigieburn, VIC 3064

Retail | Showrooms | Offices

Sold Contact Agent

  • Property ID: 430799
  • Floor Area: 271m²
  • Land Area: 1m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 05/05/2023 271m2 1m2 Contact Agent
Affordable Set & Forget Investments With Long Leases & Fixed Annual Growth

Stonebridge Property Group is pleased to offer for sale Shop 8 & 12, 176 Elevation Boulevard, Craigieburn (Aston Village).

The key highlights of the separate opportunities include:

Shop 11:

- Leased by Authentic Spices of India, a boutique Indian grocery store which has built up a strong local following

- 7-year net lease with favourable 4% fixed annual increases (ensuring fixed income growth)

- Well-exposed 75 sqm* retail space with favourable tenant signage

- Providing annual income of $48,672* + GST + Outgoings^

- Aston Village provides a high level of customer convenience with complementary on-site car parking (50 spaces) & surrounding ‘free’ council car parking.

Shop 12:

- Leased to Aston Falafel, a highly regarded restaurant boasting a 4.9 star Google review

- The modern restaurant strategically offers a dine in and takeaway food service

- Providing annual income of $48,377* + GST + Outgoings^

- Vendor favoured 10-year net lease with fixed increases of 3%

- The shop forms part of Aston Village, a strategically located retail centre positioned in Craigieburn's 'Southern Activity Centre'

Location:

- The position benefits from nearby public and private amenity, notably the $26m Elevation Secondary School (100 m*), Craigieburn Football Oval (60 m*), Aston Fields (115 m*) and two Childcare Centres (within 100 m*)

- Craigieburn forms part of the booming City of Hume – one of Australia’s fastest growing communicates with forecast 53% population growth by 2041

*Approximate
^ Income as 30th June-23

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Nic Hage
0448 782 594

Rorey James
0439 400 081

Sarah Xi ???
0468 320 297

Property Code: 612

Craigieburn Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $581 ---
Offices --- $103 ---
Industrial --- $137 ---
This is the average advertised price, rent and yield for Craigieburn, VIC 3064*

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:

  • 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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