1264-1266 Heatherton Road, Noble Park VIC

For Sale

Retail

SOLD

370m2

Ray White Commercial Oakleigh is delighted to offer for sale by way of public auction these two outstanding shop fronts leased to one tenant, located in Melbourne's South-eastern growth corridor.
These stand-alone buildings to be sold as one will provide one lucky purchaser with the unique opportunity to invest now with long-term development potential (STCA)

Property Features Include:
- Combined Total Building Area: 370m2 (approx)
- Combined Total Land Area: 438m2 (approx)
- Combined Current Rental: $55,222 per annum + GST + Outgoings
- Commercial 1 Zone (C1Z)
- Future Development Potential (STCA)
- Outstanding Main Road Location
- Excellent Retail Freehold Opportunity
- Close Proximity to Major Arterial Roads including Princes Highway

Tenancy Details:

1264 Heatherton Road, Noble Park
- Current Rental: $27,101 per annum + GST + Outgoings
- Term: Five (5) year term - Commenced June 2015
- Further Term: One (1) further term of five (5) years
- Increases: CPI annual increases
- Market Review at Option

1266 Heatherton Road, Noble Park
- Current Rental: $28,121 per annum + GST + Outgoings
- Term: Five (5) year term - Commenced June 2015
- Further Terms: Two (2) further terms of five (5) years each
- Increases: Fixed 4% annual increases with market review at option

Can't make the auction? Download the free app and watch live on GAVL: https://x5u9a.app.goo.gl/HMPP

For further information or to arrange an inspection please contact one of the exclusive marketing agents:

George Kelepouris - 0425 798 677
Joshua Colosimo - 0413 790 309