13 Royton, Burwood East VIC

For Sale

Retail

SOLD

236m2

Ray White Commercial are pleased to present for sale by way of Auction a quality 2 Storey Retail / Office investment property currently leased to two tenants.
Zoned C1Z these two properties are to be sold as one, offering an amazing and exciting opportunity for any astute investor also offering office space on the first floor for an owner occupier.
The property benefits from its position as well as excellent access to major arterial roads Burwood Highway, Blackburn Road and only minutes walk to bus and trams.

- Total land area 179m2 approx.
- Total building area 236m2 approx.
- Two tenants, 1 building on separate titles.
- Combined annual rental approx. $47,869 + GST + Outgoings
- Future development potential
- Rear laneway access.
- Allocated Car parking for 4 vehicles.
- Zoning: C1Z.

Property Attributes:
Ground Floor:
- Building AREA: 144m2 approx.
- Lease term: 2 years commenced 01/01/2016
- Further terms: 1 Further term of 2 years.
- Current Rental: $29,570 p/a + GST + Outgoings
-3% annual increases.
- 2 Car spaces in tandem.

First Floor:
- Total building area 92m2 approx.
- Lease term: Month to month
- Current Rental: $17,820 p/a + GST + Outgoings
- Opportunity to negotiate new lease or occupy the building.

The property is being offered to the market via on-site Public Auction on Friday 24th March 2017 at 11:00am.
To obtain further information, or to arrange an inspection, please contact the exclusive sales and marketing agents.

George Kelepouris 0425 798 677
Ryan Amler 0401 971 622