Ray White Commercial Victoria is pleased to offer 112 Nepean Highway, Seaford, to market via public auction on Friday 3rd August 2018 at 1:00pm on-site.
This is certainly the opportunity of a lifetime if you are looking for a Bayside investment with a long term and established tenant, with the added bonus of future development potential (STCA).
The property is prominently located on Nepean Highway amongst an array of established and complimenting businesses, benefitting substantially from the large amount of passing traffic that Nepean Highway is exposed to on a daily basis.
Boasting dual street frontage (Nepean Hwy and Broughton Street) with ample council car-parking at the front and rear, this unique property lends itself to not only investors, but those looking to invest now and occupy or develop in the future in one of Bayside's most sought after locations (STCA).
The Opportunity:
• Beach front single level retail investment opportunity
• Long term and established tenancy
• Total land area | 235m2 approx
• Total building area | 215m2 approx
• Future development potential (STCA)
• Brilliant retail investment in rapidly growing beachside location with close proximity to beach, public transport and major arterials such as Nepean Hwy and the recently developed Peninsula Link and Eastlink Freeway.
The Tenancy:
- Physio and Fitness Clinic Pty Ltd
- Current rental $46,560 per annum plus Outgoings with 3.5% annual increases
- Three (3) year lease commenced May 2014
- One (1) further term of Three (3) years of which the option has been exercised
- Tenant willing to negotiate new lease upon completion of their final term
For further information or to arrange a private inspection, please contact the exclusive marketing agents below:
