Ray White Commercial Victoria is pleased to offer 18-20 Station Street, Seaford to market.
This exceptional investment freehold, prominently located on the corner of Station Street and Chapman Avenue, is certainly the opportunity of a lifetime if you are looking for a multi-tenanted landmark investment with the added bonus of future development potential (STCA).
Both properties are located amongst an array of established and complimenting businesses, benefiting substantially from the large amount of passing traffic that Station Street is exposed to on a daily basis.
Boasting dual street frontage with ample council car-parking at the rear, this unique property lends itself to not only investors, but those looking to invest now and develop in the future (STCA).
Throw in the mix, two established and attractive tenancies; you have a retail investment that ticks every box.
The Opportunity:
• Corner freehold with two tenancies on one title
• Combined street frontage of 43.8m approx. (Station Street and Chapman Avenue)
• Total land area | 448m2 approx
• Combined building area | 215m2 approx
• Future development potential (STCA)
• Brilliant retail investment in rapidly growing beach side 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 Tenancies:
18 Station Street Seaford - T/A Aree's Thai Massage Seaford
- Current rental $24,638.18 plus GST plus Outgoings
- Three (3) year lease commenced 10th January 2016
- One (1) further term of Three (3) years
20 Station Street Seaford - T/A Spanish Bar
- Current rental $33,441.34 plus GST plus Outgoings
- Two (2) year lease commenced 10th February 2014 (Currently in their second term)
- Two (2) further terms of Three (3) years
- Combined rental | $58,079.52 per annum + GST + Outgoings.
Terms 10% deposit and balance within 30/60/90 days thereafter
For further information, please contact the exclusive marketing agents below:
