Commanding High Yielding Freehold
Fitzroys is delighted to offer this exceptional commercial investment in the tightly held Centreway retail and lifestyle precinct.
This commanding 3 level retail and office building of 920sqm* features a generous frontage of 12.2 metres* and is fully leased to 4 established tenants.
Located just 11kms* north of the Melbourne CBD, the property is surrounded by various national and local tenants.
Investment features include:
- Two ground floor shops and two fully refurbished first and second floor offices
- Four titles offered together
- Long and secure leases to four (4) established tenants
- Combined rental return of $192,456* per annum plus outgoings and GST
- Substantial Commercial Zone 1 site of 383sqm*
- Outstanding retail frontage of 12.2 metres
- Building area of 920sqm*with lift access to each level
- Rear access with secure on site car parking
- Surrounded by notable tenants including IGA Supermarket & Liquor, Bendigo Bank, Australia Post, Bottle-O and renowned eateries.
- Rapidly developing location with strong rental growth potential
- Rare high yielding inner suburban investment opportunity