19 Portman St, Oakleigh VIC

For Sale

Retail

AUCTION ($1,400,000 - $1,540,000)

210m2

Ray White Commercial Victoria is delighted to offer for sale by Public Auction this fantastic retail investment property located in the heart of Oakleigh's retail shopping district and next to Oakleigh Market.

The current Tenant has been trading from this property for close to 30 years and has recently signed a Brand New lease with further options. The property itself has been trading as a Delicatessen / Continental butcher for nearly 80 years which is sure to comfort any investor looking to add this blue-chip investment to their commercial property portfolio.

• Total building area 210m2 approx
• Total land area 172m2 approx
• Rental return | $85,000 per annum + GST + Outgoings
• Brand New three (3) year lease commencing 30th October 2018
• Three (3) further options of three (3) years
• Future development potential (STCA)
• Fixed 3% annual increases
• Commercial 1 Zoning (C1Z)

Open For Inspection times:

Tuesday 23rd October - 12:00pm - 12:30pm
Friday 26th October - 10:30am - 11:00am

Paul Rizzo - 0418 688 888
Theo Karkanis - 0431 391 035