Ray White Commercial Victoria is delighted to present to one lucky purchaser this fantastic retail / residential investment opportunity leased to an established and busy cafe on ground level (37 Armstrongs Road Seaford) plus the added bonus of a separately leased two (2) bedroom residence all with its own access and street frontage on the rear (8 Newton Place Seaford).
Located in the South-eastern growth corridor and situated approx 700m from the beach and approx 2.7km to Carrum train Station and 1.5km to Seaford train station.
This two level free-hold building is currently leased to a cafe trading as Bear & Cub since 1st March 2016 for two (2) years with two (2) further terms of two (2) years each. Current rental is $13,458.76 per annum plus GST plus Outgoings. The separate two bedroom residence has been leased since October 2015 with new 12 month lease from 15/5/17 and current rental being $1,118pcm.
Total current combined rental is $26,874.76 per annum approx.
Dont miss out on this outstanding opportunity to add this two level freehold investment to your property portfolio for a long term investment opportunity and watch this investment flourish!
Key Features:
Two level free-hold building with two street frontages (37 Armstrongs Road & 8 Newton Place)
Total building area 187.92m2 approx of which ground floor comprises of 97.05m2 approx and the first floor residence being $90.87m2 approx. Total land area 191m2 approx.
Ground floor leased as a Cafe T/A Bear and Cub since March 2016 with a two (2) year lease with two (2) further terms of two (2) years each. Annual increases of 3.5% and a market review on commencement of further terms.
First floor leased since 2015 with new 12 month lease from 15/5/17 comprising two bedrooms, living area, kitchen, covered veranda with decking and two split system heating / cooling units. All with its own street frontage and private entrance.
Current combined rental $26,874.76 per annum approx.
Located approx 700m from the beach and approx 1.5km to Seaford Train Station or 2.7km from Carrum Train Station
B1Z Business 1 Zoning
