Rare Opportunity! Retail Shop with Secured Lease in Knoxfield

Rare Opportunity! Retail Shop with Secured Lease in Knoxfield

1569 Ferntree Gully Rd, Knoxfield VIC 3180, Australia


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Property ID :

 Retail Shop For Sale


Located in a central location of Knoxfield with shopping strip includes IGA, Knoxfield Pharmacy, Knoxfield Bakery, this retail shop is an ideal investment if you are looking for a secured and immediate rental income with development potential for second storey (STCA).

The shop comes with fixed term lease since 2017 until 2022, with an option 4 further terms of 5 years. The current annual rental return is $37,575.84 (including GST) with rent increasing by 4% annually.

  • Located in a busy location with plenty of passing traffic and car park spaces.
  • Surrounded with neighbours such as IGA, Knoxfield Pharmacy, Knoxfield Bakery.
  • Long-term secured lease: 5 year lease commenced since 2017 until 2022, with 4 further terms of 5 years.
  • Current rental return: $37,575.84 (including GST).
  • Currently operates as a busy pizza shop.
  • Potential for development potential for Second Storey (STCA).

Don’t miss this rare opportunity, contact Conan at 0433 900 003 for more information or to arrange an inspection.

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