EXCELLENT CASH COW INVESTMENT WITH THREE TENANCIES ON ONE TITLE
SOLD
23-25 / 249 Lonsdale Street
Dandenong VIC 3175
Retail
FOR SALE
63m2
Located within the Vanity Court Arcade in the heart of the Dandenong CBD, close to the Government Services Building and the new Civic Plaza Development (Council & Library)
- Total building area 63.5m2 approx
- To be sold as one
- Comprising three (3) separate tenancies with a total combined gross income of $24,000 per annum as follows;
SOLICITOR
- Total area 25m2 approx.
- Tenant since 2012
- New 3 year lease commenced October 2015 with one further term of 3 years
- Rental $9060 per annum gross
- 4% annual increases and Market Review at option
HAIRDRESSER
- Total area 27.5m2 approx.
- Long term tenant since 1998
- Leased since March 2012
- 3 + 3 + 3 year lease
- Rental $8400 per annum gross
- Annual increases of 4% and Market Review at options
OFFICE
- Total area 11m2 approx.
- New 1 year lease commencing May 2016
- Rental $6540 per annum gross
