Sale

16 Borrack Square
ALTONA NORTH, VIC 3025

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Property Description

Superb Renovated Freehold Investment With Upside

Fitzroys is delighted to offer a superb double storey renovated freehold investment with upside located at 16 Borrack Square, Altona North.

Key features include:

  • Located in Melbourne's surging inner west
  • Centrally positioned within Borrack square’s bustling commercial precinct servicing the emerging and growing residential catchment
  • Recently renovated and immaculately presented building
  • Depreciation benefits
  • Rare fully leased investment opportunity in a tightly held location
  • Four tenancies spread across two storeys allowing for multiple income streams
  • Returning $107,700 per annum plus outgoings and GST
  • Tenants pay all outgoings in accordance with the lease
  • Value add potential with planning permit and endorsed plans in place for first floor extension
  • Wide dual street frontage to Borrack Square and Duke Street with separate access via Duke Street
  • Conveniently located adjacent occupiers such as Woolworths, CBA Bank, Bakers Delight, Chemist Warehouse, Australia Post, TAB, BWS, Millers Inn and supported with excellent car parking
  • Highly sought after opportunity in inner western location experiencing rapid growth and excellent prospects for future capital appreciation

Summary:

Shop 1- Florist 6 + 5 year lease Fixed annual increases and market review at commencement of further term

Shop 2- Nail & Beauty Salon 7 + 5 year lease Fixed annual increases and market review at commencement of further term

Level 1, suite 1 & 2- Private Office 1 year lease

*approx

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Consultant

Ervin Niyaz

M: 0404 808 327
E: niyaze@fitzroys.com.au

Shawn Luo 罗霄

M: 0412 338 918
E: luos@fitzroys.com.au

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Property Information

Property ID
127768

Price
Contact Agent

Building
347m2

Land
240m2