2, 638 High Street, Thornbury, VIC 3071

Retail

For Sale $850,000 - $899,000

  • Property ID: 432876
  • Floor Area: 85m²
  • Occupancy: Tenanted
YOU'VE WON THE LOTTO WITH THIS INVESTMENT OPPORTUNITY !

- Securely leased retail investment opportunity in the boutique Hive commercial/residential development
- Leased to the very well established Normanby News and Lotto Agency
- Lease term of 7 years with 3 further options of 7 years
- Current rental of $42,985.87 per annum net plus GST
- The tenant pays all the outgoings
- Fixed 3 percent annual increases
- On-site undercover car space
- Tax Depreciation benefits

Thornbury Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $1429 $157 10.97%
Retail $9412 $250 2.66%
Offices $2875 $217 7.54%
This is the average advertised price, rent and yield for Thornbury, VIC 3071*

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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