Retail 1, 6 Croydon Road, Croydon, VIC 3136

Retail | Offices

Sold

  • Property ID: 438138
  • Floor Area: 156m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Retail 1 Sold 01/12/2023 156m2 N/A Contact Agent
Fit for a Strong Investment - Circa 6% Yield

POINT OF INTEREST:
Reform your investment portfolio with this ground floor proposition, guaranteed to give your financial ambitions a "core workout". With a steady $48,000p.a. slated to flow directly into your portfolio for at least the next 5 years with great potential for future growth, consider this a "platinum membership" to financial gains with great future growth potential. The brand-new tenant - KX Pilates - have just added this space to their list of 90+ national locations, and for good reason. 156 sqm* of flexible space on the ground floor, with 3 secure car spaces and premium signage opportunity make this property a no-brainer for the savvy business owner and investor in equal measure! Conveniently positioned across from the lively Croydon Central Shopping Centre and close to Main Street, this property flaunts excellent transport links and is only a short stroll from Croydon Railway Station. Think Maroondah Highway, Mt Dandenong Road, and Eastlink — they're the express lanes to success for customers and suppliers alike.

- Leased as a KX Pilates by an experienced well established operator of Croydon & Chirnside Park studios
- New 5-year lease beginning 29/09/2023 with Two (2) further terms of five (5) years each
- $48,000 + GST annual leasing income + Outgoings
- 3 months security deposit and personal guarantees
- https://kxpilates.com/au/

- Building area 156sqm*
- 3 secure car parks
- Substantial frontage of 15 meters*
- Self-contained tenancy with rear access direct from carpark
- 1km* to Maroondah Highway
- 1.3km* to Dorset Road
- 300 meters* to Croydon Railway Station.

POINT OF VIEW:
Invest in your financial 'wellness' with this ground floor gem, providing the 'stability' your portfolio deserves

*Approx

Additional Information
Features
  • Availability: Immediate
  • Lease Term: 5 years plus 2 further terms of 5 years
  • Rent Review: 3.0 % annual increases , market review at option
  • Car Spaces: 3 on site
  • Condition: Very Good
  • Air Conditioning: Yes
  • Floors: Hybrid planks / Tiles
  • Lifts: NA
  • Height: 2.7 meters
  • Age: Refurbished
  • Car Parking Fees: NA
Outgoings
  • Water Rates: $1,000.00 approx. pa + GST
  • Land Tax: N/a
  • Council Rates: $1,626.70
  • Owners Corp. / Insurance: $2,990.00
Croydon Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $4739 $199 4.20%
Offices $4753 $323 6.80%
Retail $6164 $335 5.43%
This is the average advertised price, rent and yield for Croydon, VIC 3136*

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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