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

SOLD

Contact Agent

  • 006_Open2view_ID525267-1569_Ferntree_Gully_Road__Burwood
  • 003_Open2view_ID525267-1569_Ferntree_Gully_Road__Burwood
  • 004_Open2view_ID525267-1569_Ferntree_Gully_Road__Burwood
  • 001_Open2view_ID525267-1569_Ferntree_Gully_Road__Burwood
  • 002_Open2view_ID525267-1569_Ferntree_Gully_Road__Burwood
  • 007_Open2view_ID525267-1569_Ferntree_Gully_Road__Burwood

Property ID :

 None

Description

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.

Property on Map

Agent Conan Ong – Director/Licensed Estate Agent

Our agency's motto, “Together we are grand and together we stand”, is the brainchild of Conan. He endeavours to position… Read More

Office : (03) 9763 3288

Mobile : 0433 900 003

Other Properties