VERY RARE OPPORTUNITY TO OWN A BRAND NEW SHOP-HOUSE, IN A SUBURB INNER-CITY LOCATION,  WITH A 5% RENT RETURN, FROM A HIGH QUALITY TENANT READY TO MOVE IN,  WITH A LONG LEASE AND REGULAR RENT INCREASES.  

TWO AVAILABLE FOR SALE.

IDEALLY SUITED FOR RESTAURANTS, FOOD BUSINESS ETC,

FINANCIAL DETAILS:

LETTABLE AREA (estimated)

Tenancy 1- 292m2

Tenancy 2- 201m2

NET RENTAL

Tenancy 1- AUD 183,970 PA

LEASED TO QUALITY RESTAURANT

5 YEARS X 5 YEARS X 5 YEARS

Tenancy 2- AVAILABLE FOR SALE WITH VACANT POSSESSION

ASKING PRICE

Tenancy 1- AUD 3.6 million plus GST

Tenancy 2- AUD 2.1 million plus GST

CAR PARKING

Tenancy 1- 2 SPACES

Tenancy 2- S SPACES

OUTGOINGS

Tenancy 1- AUD 10,000 pa

Tenancy 2- AUD 9,000 pa

All information subject to contract, and believed correct, but not guaranteed.

Artists impression. 

Construction as at July 2018

Click on images below for the restaurant tenant to commence on completion in tenancy 1

Melbourne shop-house