4/2-8 Burwood Highway Burwood East, VIC 3151

Sold on 12 Dec 2016Floorplan

Building: 100m²

Agents

Sold By

Retail in Burwood East

Corner Profile Retail Investment with long term tenant of 11 years

Building: 100m²

Additional Information:

Floorplan

This boutique retail investment is located on corner of Burwood Highway and Middleborough Road and is part of the Burwood Heights Shopping Precint. Currently leased to Ultimate Hairworks and Beauty who have occupied the property for the past 11 years and are currently on a 3 + 3 + 3 year lease.Adjoining business's include Woolworths, Caltex service station and over 25 speciality retailers. Also being in close proximity to Middleborough road tram stop 66, makes this property an ideal investment.

Key property features include:-

Tenant has occupied the premise for 11 years
Current 3 + 3 + 3 year lease
Building Area: 100 sqm*
Rental returns of $34,700 pa net
Commercial 1 Zone (C1Z)
Annual rent increase of 3%
Unlimited & free staff permit parking
Prominent position within busy shopping district

Open Times:
Fri 25 Nov 2016 (12:00PM - 12:30PM)
Fri 02 Dec 2016 (12:00PM - 12:30PM)
Mon 05 Dec 2016 (12:00PM - 12:30PM)

Auction on site on Wednesday 7th December at 1:30pm.

Contact Paul Waterhouse or Stefanie Taylor for more information.

Building:

100m²

Zone:

Commercial 1 Zone (C1z)

Categories:

Retail, Offices

Share:

Investment Information

Tenancy Status:

Fully Tenanted

Estimated Gross Yield:

N/A (Marketed Without Price)

Estimated Nett Yield: