Ray White Commercial Victoria is excited to offer this outstanding retail investment on Warrigal Road Chadstone directly opposite Holmesglen Tafe, which is being sold via public auction on Wednesday 21st November 2018.
Offered for sale for the first time in over 40 years , this property is located in a very tightly held retail strip amongst an array of food outlets and complimenting businesses, properties such as this are highly-sought after by both buyers and tenants alike, however rarely offered to the open market.
Located opposite Holmesglen Tafe, which is home to more than 30,000 students per year as noted on the Holmesglen web site, this property has all the exposure and opportunity that one would want in a commercial investment. Also located just down the road from the Iconic Chadstone Shopping Centre which is the biggest shopping centre in Australia and arguably in the Southern Hemisphere
The property is well serviced and accessible via Warrigal Road and the Monash M1 Freeway only a short drive away. The property is also adjacent to Holmesglen Train Station on the Glen Waverley line and also accessible by various bus routes
-Retail investment to established and reliable Tenant
-Five (5) year lease commenced 1st December 2015 with one (1) further term of five (5) years
-Current rental return $24,273.52 per annum net
-CPI annual increases with market review due on 1st December 2020
-Recent comparable rentals in circa of $700 psm/pa (Please request IM for further information)
-Total building area 70m2*
-Total land area 188m2*
-Commercial 1 Zoning (C1Z) with future development potential (STCA)
-Terms 10% deposit and balance due 30-90 days thereafter
Auction Wednesday 21st November 2018 at 1pm on-site
For further information or to arrange a private inspection, please contact any of the exclusive agents below;
Ryan Amler 0401 971 622
Joshua Colosimo 0413 790 309
